Wombat Platform Lands TD Securities
NEW YORK - Wombat Financial Software, Inc., the high-speed market data connectivity experts, has announced a global licensing agreement with TD Securities for its low latency market data distribution and integration software. TD Securities is replacing its current market data distribution system with the Wombat Platform in its Chicago and London, UK operations.
The consistent doubling in market data volumes each year makes the ability to accommodate higher capacity technologies a critical issue for financial market participants. Wombat’s middleware platform, dubbed MAMA, is unique in that it provides the ability to combine with a variety of messaging technologies. This feature supports TD Securities investment in TIBCO Rendezvous® messaging software and allows easy adoption of new technologies by their trading applications going forward.
Under the terms of the agreement, Wombat will also provide a selection of US and European feed handlers. Wombat feed handlers currently provide sub-millisecond connectivity to more than 80 direct exchange and aggregated vendor feeds, assuring customers of their ability to quickly integrate market data from the full spectrum of global sources.
“We’ve worked with Wombat for several years now and they’ve proven their ability to understand our business needs and deliver well engineered, high-performance products with the right amount of flexibility,” says Rizwan Khalfan, Managing Director and CIO, TD Securities. “It was a natural progression to select them to provide the market data systems that play such a critical role in our trading operations.”
“Agile competitors like TD Securities recognize that sound business strategy requires a platform that can accommodate a wide array of choice at every layer of the trading technology stack,” commented Danny Moore, Wombat’s COO. ”Wombat is proud to help TD equip themselves to integrate new feeds, new middlewares and new applications more easily than they’d been able to in the past.”
Wombat’s software underpins automated market-making systems, electronic-trading floors and tick-capture platforms in financial institutions around the world, including all of the top 10 investment banks.
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