Wombat Financial Software Inc., today launched its entitlements application and open entitlements library, dubbed DART Entitlements.
DART Entitlements provides clients with the ability to control user access to exchange fee-liable data and its redistribution by financial applications. In addition to active entitlements control, DART Entitlements provides reporting and audit facilities and the ability to identify unused or underused market data services.
Wombat co-operated with four major North American and European exchanges during the development of the product. The resulting application is fully web enabled and provides a comprehensive set of exchange related reports.
“DART Entitlements provides a solid entitlement system for B Pipe’s/BPOD’s direct exchange feeds, as well as entitlements for databases. Companies will now have an ‘out-of-the-box’ entitlement solution for their ticker plants as well as their algorithmic and trading servers. Client compliance groups will be pleased to see a tamper-proof system that has intuitive and comprehensive reporting tools,” says Joe Veneziano, managing director, JCV Investment Systems.
“Our mission was to create a fully open control system that would satisfy the requirements of vendors, exchanges and customers. This first release of DART Entitlements provides clients with the control necessary to avoid hefty fines for non-compliance. It’s an intuitive web application that fits easily into a bank’s administrative processes. We consider that another of its strengths is that it is a fully open application that can be used to control systems other than Wombat in the trading room,” adds Stuart Harvey, vice president, Wombat’s Entitlements Division.