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: High-Performance Networks & Low-Latency Connectivity for Trading

With financial markets becoming more complex and interconnected in today’s electronic trading environment, trading firms, exchanges, and infrastructure providers need to continually push the boundaries of network performance to stay ahead. Ultra-low latency, seamless connectivity, and resilient infrastructure are no longer just advantages – to stay competitive, they’re necessities. This webinar, part of the A-Team...

BLOG

AI, Cloud, Digital Assets, Cybersecurity – What to Expect at TradingTech Summit 2025

A-Team Group’s 14th Annual TradingTech Summit London is set to take place on 27th February 2025 at the Hilton Canary Wharf, bringing together industry leaders, innovators, and experts to explore the latest advancements in financial markets trading technology. Kicking Off the Conversation: Innovation, AI, and the Future of Trading Following the welcome address, Cathy Gibson,...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Corporate Actions Europe 2010

The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...