IntercontinentalExchange to sell Wombat Financial to SR Labs Intercontinental Exchange has signed a definitive agreement with SR Labs for the sale of the Wombat Financial Software, a unit of NYSE Technologies. The transaction is expected to close in third-quarter 2014 and terms were not disclosed.
NYSE owner warns of cyber risk to frequency trading, Financial Times says IntercontinentalExchange CEO Jeff Sprecher warned that efforts to fend off cyber hackers could reverse the momentumtowards faster markets, reports the Financial Times. Sprecher adds that the growing risk of cyber attacks would force traders to pass new electronic sentries as they connect to his exchanges. Reference Link