Intercontinental Exchange has completed its previously announced transaction with SR Labs for the sale of the Wombat Financial Software, a unit of NYSE Technologies.
"I'd like to thank the SR Labs and Intercontinental Exchange teams for working so quickly and diligently to finalize this transaction within just six weeks of contract signing," said Ben Jackson, President and COO, ICE Futures U.S. and President, NYSE Technologies. "We congratulate everyone involved and we will continue to provide support services to SR Labs for a period of time to help ensure an orderly transition of the business."
According to the company, Wombat is a provider of high performance financial market data management solutions. As part of the Wombat product suite, SR Labs is also acquiring SuperFeed, which offers direct connectivity to a range of key global trading venues, reducing complexity and client overhead by allowing customers to consolidate fragmented technologies and complicated connectivity options. The Wombat platform also includes Wombat Direct Market Data Feed Handlers, providing normalization for more than 200 direct exchange and aggregated vendor feeds; DART Entitlements, providing market data usage and compliance analysis, and reporting services; and Wombat Middleware, enabling high-speed, multi-protocol messaging throughout the enterprise.
Intercontinental Exchange is a network of regulated exchanges and clearing houses for financial and commodity markets.
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