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Wombat Adds Harco to Arsenal; Ties Entitlements to Compliance

At 01 Jan 2007 18:07:49 in MDI-Trading Room Platforms, Market Data Insight    Print Article  Email Article   Full content requires subscription 

Wombat Financial Software has continued in its bid to widen its product offering through the acquisition of Harco Technology, a U.K.-based provider that analyzes banks’ market data usage and compliance with suppliers’ contract terms. The importance of compliance with data suppliers contract terms has risen in recent months following a series of settlements – including Citibank’s high-profile $10 million settlement with the London Stock Exchange (Market Data Insight, May 2006) – resulting from unauthorized use of market data.



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