Shearman & Sterling advised Intercontinental Exchange (ICE) on the sale of Wombat Financial Software, a unit of NYSE Technologies, to SR Labs. Terms were not disclosed.

Wombat Financial Software is a global leader in high-performance financial market data management solutions, offering customers comprehensive, end-to-end solutions for electronic trading and connectivity management.

Intercontinental Exchange is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

The Team