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Beyond Compliance: Leveraging MiFID Opportunities
Wombat’s strategic focus for Europe is to provide the necessary framework to facilitate the trading of fungible instruments across a disparate and, to some extent, de-regulated European marketplace.
Stepping beyond mere MiFID compliance, Wombat’s objective has been
to provide its customers with an opportunity to reap the benefits of
a more open and transparent trading landscape.
As financial institutions adapt to satisfy the new rules
on pre-trade transparency and post-trade reporting, it is
forecast that the growth in market data volumes will gain renewed momentum. As a consequence, the normalisation
and consolidation of related trade and quote data from
a variety of cross-border sources will become even more
complex and difficult to achieve.
The Wombat Market Data Platform is well placed to meet
these new demands. Wombat technology was designed from the outset to handle the high volumes of the already
fragmented North American marketplace and, as a result, an
enterprise class front-to-back market data solution is on offer
to capitalise on the opportunities presented in a post-MiFID
environment.
Key elements of the offering include:
- Wombat SuperBook: Wombat’s flagship MiFID product
providing a consolidated real-time order book view of
available liquidity across all relevant exchanges.
- Wombat SuperTrade: a consolidated view of all trades
across the various exchanges allowing subscribers to
make well informed judgements based on
current trading activity.
- Wombat Acumen Complex Event Processing
Framework: a real-time event processing cluster for fast
deployment of custom built analytics and electronic
trading strategies.
- Low latency feed handlers for all MiFID Exchanges and
associated trade reporting facilities (e.g. BOAT).
- The Wombat Middleware backbone with support
for a variety of vendor products including Tibco’s Rendezvous®, 29West’s LBM® and Wombat’s own
messaging solutions, Wombat Middleware and
Wombat Data Fabric.
- Wombat Data Dissemination Platform: a means for
customers to distribute internally generated real-time
data, such as MiFID-required trades and quotes to
external recipients.
For further detail on Wombat's MiFID offering download our Beyond Compliance: Competing in a Post-MiFID Environment whitepaper.
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