RBC Capital Markets Opts for Wombat Platform
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Proprietary Trading Desk Builds Platform with Growth in Mind
NEW YORK -- Wombat Financial Software, Inc., the fast growing high speed ticker plant provider, today announced that RBC Capital Markets Corporation has adopted the Wombat Platform for low latency market data distribution and integration.
RBC Capital Markets will deploy Wombat's MAMA platform atop TIBCO/RendezvousTM messaging software. While RendezvousTM provides the core application-to-application messaging, the Wombat Platform overlays a suite of market data specific programming interfaces, quality of service controls, entitlements control capabilities and off-the-shelf feed handlers. Uniquely, Wombat's "middleware agnostic" programming interfaces will allow RBC to upgrade its middleware over time as technologies evolve without having to recode applications.
RBC Capital Markets' proprietary trading desk made the decision to adopt the Wombat Platform after seeing the performance benefits that Wombat's market data infrastructure could offer, the breadth of Wombat's product portfolio, and the company's reputation for diligent customer service and support.
"With market data you have a capacity problem that generally doubles in magnitude every year. We believe a platform which can decouple you from the limitations of any single messaging transport can be a very effective risk management tool and can better equip capital markets participants to cope with these volatile markets," said Daniel Moore, COO of Wombat.
About Wombat
Wombat enables limitless connectivity to the global markets through the world's most advanced high speed market data infrastructure, the Wombat Platform. With offices in the US and UK, Wombat software underpins automated market-making systems, electronic-trading floors and tick-capture platforms in financial institutions around the world. The Wombat Platform includes Wombat Feed Handlers, providing sub-millisecond connectivity to more than 80 direct exchange and aggregated vendor feeds; Wombat Transport, enabling high speed, multi-protocol messaging throughout the enterprise; Wombat APIs; and Wombat value added servers such as the Wombat SuperBook virtual order book consolidator and the Wombat DBAC tick-capture adapter. For more information, visit wombatfs.com.
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC Financial Group and is active globally in fixed income, foreign exchange, infrastructure finance, structured products, metals and mining, and energy. Its North American equity underwriting; sales, trading and research business dominates the Canadian market and supports a significant and growing franchise in the US middle market. The firm's international fixed income, structured products and treasury businesses are managed from London, which is the centre of a 24-hour trading platform with major hubs in Toronto, New York and Sydney.
For further detail on RBC Capital Markets, visit: www.rbccm.com/
Contacts
Wombat Financial Software, Inc.
Ken Barnes, 212-461-3205
kenbarnes@wombatfs.com
