Intercontinental Exchange To Sell Wombat Financial Software To SR Labs

(RTTNews) - Stock exchange and clearing house operator Intercontinental Exchange (ICE) announced signing a definitive deal with SR Labs for the sale of the Wombat Financial Software, an unit of NYSE Technologies, for undisclosed terms. The transaction may close in the third quarter of 2014.

Wombat deals with high performance financial market data management solutions offering customers comprehensive, end-to-end solutions for electronic trading and connectivity management. According to the Wombat product suite, SR Labs is also purchasing SuperFeed, offering direct connectivity to a range of key global trading venues, reducing complexity and client overhead by allowing customers to consolidate fragmented technologies and complicated connectivity options.

The Wombat platform also includes Wombat Direct Market Data Feed Handlers, providing normalization for more than 200 direct exchange and aggregated vendor feeds; DART Entitlements, providing market data usage and compliance analysis, and reporting services; and Wombat Middleware, enabling high-speed, multi-protocol messaging throughout the enterprise.

Evercore served as the exclusive financial advisor to Intercontinental Exchange on this transaction.