TMX Preps US-Canada Microwave Network with Strike Acquisition

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The deal provides TMX with the basis for "a new cross-border marketplace connectivity network" using microwave technology.

Strike already operates an ultra-low-latency microwave link that provides latency of just 4.17 milliseconds between Nasdaq OMX's datacenter in Carteret, NJ and CME Group's datacenter in Aurora, Illinois, and once the acquisition closes, TMX will build a new microwave route between New Jersey and the exchange's Toronto datacenter that houses the Toronto Stock Exchange, TSX Ve

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