Market data provider Wombat, the newest addition to NYSE Euronext’s Advanced Trading Solutions division, has signed an agreement with Gissing Software to enable the delivery of market data to desktops via Microsoft Excel.
The solution combines the underlying routing and market data transformation technology of Gissing RealtimeXL and the Wombat Market Data platform to create Wombat RealtimeXL.
The combination of Wombat’s market data platform and Gissing’s Microsoft Excel add-in allows users to subscribe to real-time price updates directly via Excel. Traders will also be able to use Wombat RealtimeXL’s market data manipulation and administrative tools, plus various features of the Wombat Market Data Platform, including order book and connection level conflation.
The companies believe that the resulting product will create a low-latency, high capacity and highly stable market data solution for the desktop.
The terms of the agreement allow Wombat users to purchase and connect to the integrated Wombat RealtimeXL solution via MAMA (Wombat’s Middleware Agnostic Messaging API). The alliance will also give Gissing Software’s existing clients the option to subscribe to real-time market data from the Wombat Market Data Platform by licensing MAMA from Wombat.
The announcement marks Wombat’s second key product announcement this year, following the launch of its real-time conflation solution, Wombat Traffic Control, in February.