Almost 14 years ago the Intercontinental Exchange (ICE) started as an electricity trading market, acquiring the NYSE back in December 2012 for the sum of $8.2 billion. Along with the keystone of American capitalism, it also obtained Wombat Financial Software, which itself got acquired by the NYSE in the beginning of 2008. The company was founded in 1997 and has been dedicated to developing management solutions for financial market data.
Today ICE issued an announcement stating that a previously announced sale transaction was concluded today with SR Labs. The final details are quite vague as the companies have chosen to refrain from announcing the terms of the deal.
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Ice Futures’ President and Chief Operating Officer, Ben Jackson, has stated that SR Labs and Intercontinental Exchange teams finalized this transaction within a very short period of time, totalling just six weeks since contract signing. He stated, “ICE will continue to provide support services to SR Labs for a period of time to help ensure an orderly transition of the business.”
One key component of the Wombat product suite is SuperFeed, which is a managed, hosted market data feed service. It provides global exchanges coverage to traders and investors in a scalable solution, which is used by both algorithmic trading applications and individual trading desks. The product also offers direct connectivity to a range of key global trading venues, such as BATS, CHI-X, Deutsche Borse, LSE, NASDAQ, NYSE and many others.