Through the strategic alliance, Wombat integrated the underlying technology of Gissing RealtimeXL to the Wombat Market Data Platform to create Wombat RealtimeXL â powered by Gissing Software, solution specialists in the routing and transformation of real-time market and trade data. Together, this creates an ultra low latency, high capacity and highly stable market data solution for the desktop.
This is Wombatâs second key product announcement in the trading floor space this year, following the launch of its real-time conflation solution, Wombat Traffic Control, in February.
The combination of Wombatâs low latency market data platform and Gissing Softwareâs high performance Microsoft Excel add-in enables users to subscribe to price updates directly via Excel in real-time and handle the ever growing pressures that rising volumes are placing on internal applications. Traders will also benefit from advanced market data manipulation and administrative tools that are part of Wombat RealtimeXL, plus ground-breaking features of the Wombat Market Data Platform including order book and connection level conflation.
Under the terms of the agreement, existing Wombat users will be able to purchase and connect to the integrated Wombat RealtimeXL solution via MAMA (Wombatâs Middleware Agnostic Messaging API). The alliance will also give Gissing Softwareâs existing clients the option to subscribe to real-time market data from the Wombat Market Data Platform by licensing MAMA from Wombat.
Danny Moore, Wombatâs Chief Executive Officer, commented: âThe partnership was a logical progression in our drive to deliver comprehensive pre and post-trade market data solutions to our clients. We chose Gissing RealtimeXL as it is market proven as the most responsive and reliable tool for updating market data in Excel. It outperformed other applications during testing and has demonstrated that it can handle high volumes of price information flawlessly during peak times of market activity.â
âWe are delighted to have extended our offering through Wombat and to have further broadened the reach of both Gissing RealtimeXL and the Wombat Market Data Platform,â stated Mike Vieyra, CEO, Gissing Software. âWith continued consolidation and collaboration in the industry we look to align ourselves with the major players in the field to best provide our clients with comprehensive and accurate market data, in the quickest time possible. We will continue to work closely with Wombat and expect to further develop the scope of the solution with additional synergistic benefits to follow.â