TMX Group Goes It Alone
Canadian exchange operator TMX Group this week announced that it had acquired low-latency network provider Atrium Network for an undisclosed sum.
After the Maple Group Acquisition Corp. successfully upset the planned merger between the TMX Group and the LSE Group, which runs the London Stock Exchange (LSE) and other exchanges, it looks like TMX Group is forging ahead and going it alone.
Through this acquisition, the exchange operator has expanded it points-of-presence (PoPs) in the US markets, but more importantly, in Europe. The new network footprint might not be as large as the various networks operated by the likes of NYSE Euronext and the Chicago Mercantile Exchange (CME), but firms need to start somewhere.
The TMX will graft the new business unit, dubbed TMX Atrium, onto its existing DataLinx market data group, which already has connections to the major US financial markets.
Speaking of making new connections, Sell-Side Technology looks to connect to our readers via a new Financial Tech Talk audio commentary segment that we're launching this week.
In the first episode we speak with industry veteran Hirander Misra, formerly of Algo Technologies and Chi-X Europe, about the impact that the review of the Markets in Financial Instruments Directive (Mifid II) will have on high-frequency trading in Europe. Other future topics will include improving user experience (UX) and the current state of middleware in the industry, as well as many, many more.
Please tune in and let us know what you think.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
The IMD Wrap: Talk about ‘live’ data, NAFIS 2024 is here
This year’s North American Financial Information Summit takes place this week, with an expanded agenda. Max highlights some of the must-attend sessions and new topics. But first, a history lesson...
MarketAxess builds strategy around X-Pro
MarketAxess profits were down in Q1, but revenues were up and automation volume hit a record $94 billion.
Canada’s triparty repo launch aims to fill C$60bn void
Test trades on TMX/Clearstream platform represent “quantum leap” for creaking funding markets.
People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more
A look at the past month’s people moves in the capital markets technology and data space.
Bank-led consortium takes aim at position reporting
Five banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC, have joined forces to mitigate interpretation and implementation errors in position reporting disclosures.
This Week: BBH, AllianceBernstein add data solutions, Deutsche Börse-Nodal Exchange, and more
A summary of some of the latest financial technology news.
Consortium backs BGC’s effort to challenge CME
Banks and market makers—including BofA, Citi, Goldman, Jump and Tower—will have a 26% stake in FMX.
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
Most read
- Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Breaking out of the cells: banks’ long goodbye to spreadsheets