Susquehanna and Wombat Unveil Enterprise Agreement.Technology Provider Partners with SIG in SIG's continued Global Expansion BALA CYNWYD, Pa. -- Wombat Financial Software, the algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of platform experts, announced today a significant enterprise technology agreement with Susquehanna International Group Susquehanna International Group, LLP (SIG) is an international financial trading and services group located in Bala Cynwyd, Pennsylvania with offices located in the United States, Asia and Europe. , the brokerage, market making and investor pioneers. This partnership combines an immediate deployment of the Wombat Platform with an agreement to collaborate on the development of new Wombat technologies to support SIGs continued rapid expansion. "Susquehanna has long distinguished itself, in large part, by the continual advancements we've made in the trading technologies our customers and internal businesses depend on," noted Gina Pinotti, Global Head of Software Development and acting CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of SIG. "Having developed this relationship with Wombat over several years, we've recognized their ability to help us both realize immediate performance gains and continue developing a technology platform to propel our long term expansion. We find their results oriented, cutting edge culture highly aligned with our own." "More than anything else, collaborative relationships with innovative customers allows technology companies to continually break new ground and deliver products and services that have a real impact," remarked Ron Verstappen, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Wombat. "Partnering with SIG deepens our understanding of how to unlock more value for our customers and keep them in a position of advantage." SIG will deploy Wombat's messaging and application integration platform in their enterprise to enable their trading applications with fast, richly textured market data. SIG will also build upon their existing installation of Wombat feed handlers by expanding them in number across multiple cities in the US, Europe and Asia. SIG is also set to leverage Wombat's SuperBook virtual order book consolidation server to capture liquidity across multiple venues in a single view. The deal is a significant milestone in Wombat's emergence in the financial technology market. High frequency trading firms spanning the brokerage, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and market making sectors use the Wombat Platform to rapidly access deep pools of market data from the world's constantly evolving mix of trading destinations. Wombat's combination of the industry's largest selection of adaptors and performance engineered integration capabilities allow these firms to concentrate on trading strategy and execution, offloading the complexities of market connectivity to Wombat. About Wombat Financial Software 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 Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. servers such as the Wombat SuperBook virtual order book consolidator and the Wombat DBAC DBAC Deep Bleeder Acoustic Coagulation (DARPA Strategic Technology Office program) DBAC Data Base Administration Center DBAC Darasamutr Business Administration College (Thailand) tick-capture adapter. For more information, visit www.wombatfs.com About SIG The Susquehanna International Group, LLP LLP - Lower Layer Protocol organization of companies (SIG) is a highly regarded financial institution active in the world's major equity, fixed income, and derivative markets Derivative markets Markets for derivative instruments. . SIG has evolved over the past twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. into a company focusing on trading, investment banking, private equity, venture capital, institutional sales and research. During this time, we has succeeded in building a team of over 1400 highly-motivated individuals from diverse backgrounds. Our employees develop their ideas in our entrepreneurial environment, taking full advantage of our cutting edge technology and quantitative resources. Headquartered outside of Philadelphia in Bala Cynwyd, Pennsylvania Bala Cynwyd is a village in Lower Merion Township which is located in the Main Line in southeastern Pennsylvania, bordering the western edge of Philadelphia. It was originally two separate towns, Bala and Cynwyd, but is commonly treated as a single community. , SIG has offices in the U.S., Europe and Asia. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion