Coral8 and NYSE Euronext Advanced Trading Solutions Introduce the Coral8-Wombat Edition Software Package
Single Downloadable Package Further Simplifies Development and Integration of High-Speed, Low-Latency Trading Solutions
NEW YORK—SIFMA BOOTH #1507, June 10, 2008 -- Coral8, Inc., a leading provider of Complex Event Processing (CEP) software, and Wombat, a world leader in market data management solutions and member of NYSE Euronext Advanced Trading Solutions, today announced the Coral8-Wombat Edition™, a new integrated package of Coral8’s industry leading CEP platform for use with Wombat high-speed market data infrastructure. The easy installation, out-of-the-box configuration and trading solution examples of the Coral8-Wombat Edition will bring a new level of speed and simplicity for the development and deployment of low-latency trading solutions.
“Advanced, high-speed trading solutions based on CEP technology have become far more prolific over the past twelve to eighteen months,” said Adam Honore, Senior Analyst, the Aite Group. “The suppliers that make it easier for customers to access, use and implement solutions will gain tremendous advantage in the market.”
The Coral8-Wombat Edition is an integrated package containing the following:
- The Coral8 Engine (Server, Studio and Adapters)
- Wombat MAMA Input and Output Adapters™
- High-speed libraries for industry standard analytics such as VWAP, TWAP, Implied Volatility, Greeks and Black-Scholes
- Pre-defined canonical quote and trade data schemas
- Advanced trading solution examples in Coral8’s Continuous Computation Language (CCL)
The package can be easily plugged into and configured with any Wombat market data management system. IT teams can further accelerate their trading solution development using the data schemas, sample data and trading solution examples.
"Today customers want a low-touch, out-of-the-box product experience, freeing them to fully concentrate on delivering for their customers," said Danny Moore, Wombat CEO. “The Coral8-Wombat Edition brings this model to high-speed, low-latency trading software, and will further accelerate trading solution development and delivery.”
The alliance between Wombat and Coral8 was established early in 2007, with the two companies delivering joint product solutions in May of 2007. In the year since the initial integrated products offerings were released, the two companies have sold and implemented trading solutions for a dozen (12) different firms including trading networks, institutional investment banks, hedge funds and asset management firms.
“Wombat continues to be an integral part of Coral8’s and our customers’ success in the financial trading market,” said Terry Cunningham, Coral8 CEO. “With Wombat now part of the NYSE Euronext Advanced Trading Solutions, our two companies will be able to tackle a broader array of even larger-scale application solutions.”
The Coral8-Wombat Edition is available for download immediately from the Coral8 website at: http://www.coral8.com/c8we.
About Wombat
Wombat, part of NYSE Euronext Advanced Trading Solutions, is an industry leader in high-performance market data management solutions. It’s award-winning* software underpins automated market-making systems, electronic-trading infrastructure and tick-capture platforms in financial institutions across the world.
Developed in response to today’s market data volume increases, the group offers an advanced suite of enterprise solutions for real-time market data distribution and integration.
Market Data Technology includes the Wombat Market Data Platform and Wombat Feed Handlers, providing sub-millisecond connectivity to global markets with more than 120 high speed direct exchange and aggregated vendor feeds; High Performance Messaging enables high capacity, multi-protocol messaging middleware throughout the enterprise; Trading Technology offers tick capture and time series analysis, and analytical event processing for the capital markets; Exchange Solutions delivers solutions to help exchanges and other liquidity pools meet their market data delivery challenges; and Market Data Compliance, offers its flagship DART Entitlements for compliance, analysis and reporting services. For more information, visit www.wombatfs.com and www.nyse.com/wombat.
*Voted “Most Innovative Market Data Latency Solution” Financial-i: Leaders in Innovation Awards, 2006 and 2007
About NYSE Euronext Advanced Trading Solutions
A unit of NYSE Euronext (NYX), NYSE Euronext Advanced Trading Solutions is a leader in providing complete connectivity, data management and transaction solutions for trading firms, vendors and financial markets throughout the world. Offering a suite of comprehensive, best-of-breed commercial technology solutions that include advanced end-to-end market data management, global exchange connectivity and matching technologies, co-location systems, and super low-latency order routing capabilities, NYSE Euronext Advanced Trading Solutions' products attract and enable the free flow of liquidity for high-volume markets around the world. This unit operates SFTI®, one of the world's largest, most reliable financial transaction networks; NYSE TransactTools, the high-performance, end-to-end connectivity software; and Wombat, offering the industry's most advanced platform for real-time market data distribution and integration. With offices across the U.S., Europe, Singapore and Japan, NYSE Euronext Advanced Trading Solutions' commitment to superior development, engineering and customer service has earned the trust to power the trading operations of hundreds of global financial institutions, including core technology for 17 of the world's 20 largest securities firms. For additional information visit: www.nyse.com/tradingsolutions
About Coral8
Based in Mountain View, Calif., Coral8, Inc. is a leading provider of software for Complex Event Processing (CEP). Bringing together high-performance, innovative SQL-based programming language and enterprise-class features, Coral8 Engine is the fastest, lowest cost way to build and deploy powerful, sophisticated CEP applications. Coral8 is speeding the delivery of critical business information for customers worldwide, including Fortune 500 companies and global leaders within financial services, e-commerce, telecommunications, transportation, government and other rapidly growing vertical applications. For more information, visit www.coral8.com or call (650) 210-3810.
Media Contact
Schwartz Communications Jill Reed or Katy Garlinghouse (415) 512-0770 coral8@schwartz-pr.com
NYSE Euronext Advanced Trading Solutions Eric Ryan 212.656.2411 ERyan@nyx.com
Roisin Garland +44.(0)2890.262.910 rgarland@nyx.com