New York-based Wombat Financial Software says TD Securities, the wholesale banking division of Canada's TD Bank, has signed a global licensing agreement for its low latency market data distribution and integration software.
TD Securities is replacing its legacy market data distribution system at its Chicago and London operations with the Wombat Platform .
Under the terms of the agreement Wombat will also provide the bank with a range of US and European feed handlers. Wombat says its feed handlers currently provide sub-millisecond connectivity to more than 80 direct exchange and aggregated vendor feeds.
Wombat says its middleware platform, dubbed Mama, provides the ability to combine with a variety of messaging technologies. This feature will also support TD Securities investment in Tibco's Rendezvous messaging software, says Wombat, and will allow easy adoption of new technologies going forward.