Wombat, a market data vendor owned by NYSE Euronext, has connected to Swiss exchange group SWX’s new SWXess trading platform three months ahead of its planned launch in October.
Wombat will offer customers an SWXess data feed handler. The firm claims that early adoption of the feed handler will allow customers to take advantage of SWX member testing in advance of the platform’s launch. The feed handler is compatible with all market platforms supported by Wombat.
SWXess replaces SWX’s existing trading platform. According to SWX, it facilitates all types of trading, offering higher capacity and lower latency based on a modular set of industry standard interfaces and connectivity options. The platform supports high frequency algorithmic trading and direct market access while reducing costs for participants by ensuring applications are tailored to their specific requirements, the firm said.
“NYSE Euronext’s commercial technology division has provided us with key elements for our new market data solution,” said Chris Landis, chief information officer of SWX, in a statement. “The Wombat SWXess feed handler is therefore a natural fit for our new platform.”