Wombat Financial Software announced today that their direct feed handler for the Options Price Reporting Authority (OPRA) data feed has been implemented now by a tenth customer, one of the world's leading capital markets, wealth management and advisory companies.
Separately, the company announced the release of three addition feed handlers for CME multicast, CBOT QVN and Eurex, adding to Wombat's current selection of direct feed handlers for the global derivatives markets, including CBOT LIFFE Connect, Euronext and the BOX HSVF.
Wombat's new CME feed handler, tailored to the exchange's MDP feed specifications, is an effective solution for customers facing the end-of-life of the legacy RV-based data feed. According to a company official, Wombat customers will find the transition a smooth one as each shares a common data model and API.
"With this tenth OPRA feed handler implementation, seven of the world's top 10 brokers as ranked by capital are now relying on Wombat for their market-data infrastructure, including direct feed handlers, messaging middleware, latency monitoring tools and value-added capabilities like the SuperBook virtual order book consolidator," said Danny Moore, Wombat COO. "The maturity of Wombat's technology, the first customer having gone into production nearly five years ago, coupled with the speed and throughput we provide, has allowed us to acquire the largest market share among providers of derivatives direct feed handlers."
The OPRA data feed currently consumes nearly 60 megabits per second of bandwidth for delivery, approximately 10 times the amount of data as the next largest exchange feeds in the market. The Wombat direct feed handler processes the peak OPRA rate of more than 70,000 messages per second in less than one millisecond, critical for customers concerned with the ability of their market data infrastructure to cope with rising market data traffic.
"The OPRA direct feed in particular presents one of the greatest challenges for market data ticker plant and distribution platform technology," adds Moore. "Our customers are now implementing ticker plant architectures designed to handle 500,000 messages per second and support distributed calculation engines with dozens of components, all with less than one millisecond median platform latency. Our continuing success in this field bears testament to the fundamental strength of our architecture and a continual focus on supporting advances in messaging, hardware and operating system technology."