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Wombat signs three to ComStock feed handler

20 June 2006  |  1555 views  |  0 Source: Wombat Financial Software

Wombat Financial Software Inc., the low-latency trading technology experts, today announced that three clients have augmented its high-speed market data platform by adding the ComStock feed handler, allowing for off-the-shelf integration of ComStock's low latency data into the most widely used market data platforms.

ComStock, an Interactive Data (NYSE: IDC) business, delivers low-latency financial information to power mission critical electronic market data applications, including algorithmic trading engines where speed is crucial.

Wombat recently implemented the new ComStock feed handler at three leading client firms, including a hedge fund, mutual fund company and sell-side firm, and reports a number of additional customer evaluations are underway.

"The capital markets are hungry for new choices to meet their market data needs," says Danny Moore, COO of Wombat Financial Software. "Customers have been choosing Wombat not only for speed but also for the freedom of choice we enable in choosing their market data providers. ComStock's datafeed is a prime example of a product which offers an appealing blend of speed and content breadth customers can leverage with Wombat's help."

"Financial institutions must have low latency data to effectively compete for liquidity in today's electronic trading environment," said Mark Hepsworth, president of ComStock. "We are very pleased to be working so closely with Wombat to offer the combination of an innovative low latency technology platform and low latency datafeed that powers clients' electronic and algorithmic trading engines."

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