Wombat Secures Deal with Equiduct for OneTick
First Published Wednesday, 14 May 2008 from Automated Trader : Data News
Wombat closed a significant technology contract that will see OneTick deployed across Equiduct Trading. Brse Berlin Equiduct will soon launch this new trading platform, enabling investment firms to meet MiFIDs best execution requirements
Danny Moore, CEO, Wombat: "Equiduct Trading needed an enterprise level solution, that could seamlessly process massive volumes of tick data across the pan European marketplace."
Following an intensive evaluation phase, Equiduct Trading
selected OneMarketData's OneTick based on its performance. 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.
"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."
