NEW YORK and TOKYO, January 3, 2006 â Wombat Financial Software, Inc., experts in low-latency trading technology, today announced a distribution agreement with Totan Information Technology Co., Ltd, to resell The Wombat Platform, the capital markets most advanced high-speed market data infrastructure currently deployed by seven of the worldâs top 10 brokers as ranked by capital.
Totan IT recently signed a market data distribution pact with EBS, the worldâs leading provider of trading and market data solutions for the professional spot FX and precious metals communities, to act as an EBS market data distributor for feeds. Through the Wombat alliance, Totan IT will also sell and support Wombat's EBS feed handler in Japan.
"Over the past six years, Wombat has developed the financial markets most advanced market data infrastructure and developed a customer base among the most demanding financial institutions in the US and Europe," said Ron Verstappen, president and CEO at Wombat. "Now, through Totan ITâs well-established sales and distribution strength and customer focus, Wombat gains all of the elements necessary to began our global expansion to Asia."
"Wombat is respected as an industry leader in next-generation, low-latency market data infrastructure, with dedicated and knowledgeable development and customer support teams in the US and the UK," said Naoki Shirao, president of Totan IT. "Getting to know the management team at Wombat, we were struck by how the two companies have the similar dedication to excellence in delivering market data technology and customer service. We feel there is a true kinship in our corporate cultures and we look forward to building a strong, long-term relationship with Wombat in Japan."