Market-feed distribution specialist Wombat Financial Software has introduced a product that employs a shared memory software architecture that the company calls an innovative way to address the flood of market data that active trading firms--particularly frequent users of algorithmic trading strategies--must receive and process on a daily basis.
New York-based Wombat is touting the product, Wombat Data Fabric, as a cost-effective alternative to new hardware-based solutions that employ field-programmable gate array technology to improve messaging speeds. "Bottlenecks are in the IO [input-output] more than anything and a lot people have been reaching out for a hardware solution in desperation," says Ken Barnes, co-principal of Wombat's middleware division.
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