About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

TMX and Atrium – If You Can’t Join Them, Beat Them?

Subscribe to our newsletter

With a plan to expand internationally through a merger with the London Stock Exchange thwarted by a lack of shareholder support and a rival bid, Canada’s TMX Group – Toronto Stock Exchange, Montreal Exchange, and others – is extending its reach through the acquisition of Atrium Network.  The move provides its markets with connectivity to North America, the UK, continental Europe and down to Brazil.

Atrium connected into TMX’s data centre – in Markham, Ontario, close to Toronto – in February as a continuance of its push into the Toronto market.  It also connects to rivals Chi-X Canada, Pure Trading, Match Now and Omega ATS, all based in Toronto itself.  A TMX spokesperson says that connectivity will continue.

With the acquisition, the new TMX Atrium network will replace the TMXNet GTA (Greater Toronto Area) network that was rolled out in March, providing 400 millisecond roundtrip access to downtown Toronto.

The TMXNet network leverages fibre from local Cogeco Data Services, though apparently Atrium also makes use of Cogeco’s network, as well as other capacity.  As usual, the world of connectivity is a murky one when it comes to who owns what, and leases from who.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining infrastructure can take months and absorb significant budget before a single model is tested. At the...

BLOG

Market Data Distribution Parity: Redefining Fairness

By Scott Schweitzer, Independent Consultant, LDA Technologies. Electronic exchanges play a vital role in the financial industry, providing a robust and trusted forum for trading and execution without issue. But even so, the technology available to exchanges has traditionally led to discrepancies in data distribution, from microseconds to nanoseconds, which can be critical for latency-sensitive...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2018/2019 – Sixth Edition

In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated...