Canadian exchange operator TMX Group has paid an undisclosed sum for low-latency network provider Atrium Network, according to a TMX spokesperson.
TMX Group will integrate Atrium into its TMX Datalinx market data group under the new brand TMX Atrium.
"Atrium Network extends our connectivity solutions into Europe and expands our US presence significantly ahead of schedule," says Eric Sinclair, president, TMX Datalinx, and group head of information services at TMX Group.
Earlier this year, TMX Group introduced its TMXnet network, and in June extended the network's footprint into major US financial centers.
With the recent purchase, the TMX Group will extend its network capability into Europe via Atrium's network footprint.
"Our combined network will offer 25 points of presence (PoPs) in 11 countries, 24 trading venues and 300 data sources, with plans to expand in the future where our clients need us," says Sinclair.
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails