London, May 14, 2008 - Wombat, a world leader in market data management solutions and most recent member of NYSE Euronext Advanced Trading Solutions, closed a significant technology contract that will see OneTick deployed across Equiduct Trading. Borse Berlin Equiduct will soon launch this new trading platform, enabling investment firms to quickly and cost-effectively meet MiFID's best execution requirements.
Following an intensive evaluation phase, Equiduct Trading selected OneMarketData's OneTick based on its performance over other leading tick data management solutions. The OneTick solution is purpose-built to handle vast volumes of real-time data rates and analytics requests, such as those generated in a transparent MiFID landscape. It is the only system of its type with native support for single and consolidated order books and additionally features advanced order book analysis including cross venue consolidation; best-execution analytics for MiFID compliance; and adapters for multiple market data sources.
Equiduct Trading enables financial institutions to meet their statutory commitments to provide best execution and transparency to clients for the most liquid European equities. Designed and built to simultaneously address the tick data needs across an entire business enterprise including those of regulatory compliance, the OneTick solution will help Equiduct Trading's unique market model address its key requirement of best execution across European exchanges.
OneTick will be employed to collect and store real-time data, such as trades, quotes and order books, across a variety of European exchanges. This will support a range of data services that Equiduct Trading offers its customers including a consolidated Volume weighted Best Bid and Offer (VBBO), market data backfill and historical trading data retrieval.
The solution helps Equiduct Trading gain competitive advantage by providing its exchange clients with post-trade analysis. As such, clients have visibility of the Equiduct Trading VBBO out-performing other standard best price execution benchmarks in the pan-European marketplace.
"We maintain our ethos of innovation in the execution marketplace by harnessing new technology," commented Willy Van Stappen, COO of Equiduct Trading. "OneTick's off-the-shelf consolidated order book analytics facilitate the demands for real-time VBBO for our PartnerEx program and is helping us reach our goal of becoming the European benchmark for best price execution in the MiFID trading environment."
"Equiduct Trading needed an enterprise level solution that could seamlessly process massive volumes of real-time and historical tick data across the pan European marketplace," said Danny Moore, CEO of Wombat. "OneTick was chosen over other vendors in the tick capture space as the best technology match for this significant new exchange by proving the ease to which it integrates data sourced from a variety of different data vendors."
OneTick is an enterprise level tick capture and time series analysis solution offered through a strategic partnership with Manhattan based company, OneMarketData, which specializes in tick and reference data solutions for the capital markets. As part of the agreement, Wombat resells OneTick as a standalone system or as a fully integrated component within the high performance Wombat Market Data Platform.
Wombat, part of NYSE Euronext Advanced Trading Solutions, is an industry leader in high-performance market data management solutions. It's award-winning* software underpins automated market-making systems, electronic-trading infrastructure and tick-capture platforms in financial institutions across the world.
Developed in response to today's market data volume increases, the group offers an advanced suite of enterprise solutions for real-time market data distribution and integration.
Market Data Technology includes the Wombat Market Data Platform and Wombat Feed Handlers, providing sub-millisecond connectivity to global markets with more than 120 high speed direct exchange and aggregated vendor feeds; High Performance Messaging enables high capacity, multi-protocol messaging middleware throughout the enterprise; Trading Technology offers tick capture and time series analysis, and analytical event processing for the capital markets; Exchange Solutions delivers solutions to help exchanges and other liquidity pools meet their market data delivery challenges; and Market Data Compliance, offers its flagship DART Entitlements for compliance, analysis and reporting services.
* Voted "Most Innovative Market Data Latency Solution"Financial-i: Leaders in Innovation Awards, 2006 and 2007
About NYSE Euronext Advanced Trading Solutions
A unit of NYSE Euronext (NYX), NYSE Euronext Advanced Trading Solutions is a leader in providing complete connectivity, data management and transaction solutions for trading firms, vendors and financial markets throughout the world. Offering a suite of comprehensive, best-of-breed commercial technology solutions that include advanced end-to-end market data management, global exchange connectivity and matching technologies, co-location systems, and super low-latency order routing capabilities, NYSE Euronext Advanced Trading Solutions' products attract and enable the free flow of liquidity for high-volume markets around the world. This unit operates SFTI(R), one of the world's largest, most reliable financial transaction networks; NYSE TransactTools, the high-performance, end-to-end connectivity software; and Wombat, offering the industry's most advanced platform for real-time market data distribution and integration. With offices across the U.S., Europe, Singapore and Japan, NYSE Euronext Advanced Trading Solutions' commitment to superior development, engineering and customer service has earned the trust to power the trading operations of hundreds of global financial institutions, including core technology for 17 of the world's 20 largest securities firms. For additional information visit: www.nyse.com/tradingsolutions.
OneMarketData is a leading provider of enterprise tick data solutions for financial institutions worldwide. OneTickTM, its flagship product, is a comprehensive business solution designed to fully address the market's need for intraday data collection, archiving, retrieval, and analytics across a wide spectrum of users from various departments. The OneTick Platform includes high-performance OneTick Archive and In-Memory Databases, OneTick Event Processing Engine, OneTick Analytics, and a wide array of Adapters to standard sources of historical and real-time tick data. Conceived to specifically address the requirements of the financial sector, OneTick's architecture and extensive built-in domain expertise offers low integration and operation costs, and fast deployment. More information about OneMarketData is available at www.onetick.com.
About Borse Berlin Equiduct Systems
Equiduct Systems, located in London, is the exclusive provider of transactional services for Borse Berlin. The unique Equiduct market model meets the four points of the best execution requirement under MiFID. It guarantees likelihood of execution at the lowest cost and at the best price, with a turnaround time of less than 10 milliseconds. For more information visit www.equiduct-systems.com.
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