The Intercontinental Exchange’s (ICE) acquisition of TMX Atrium, the wireless and extranet infrastructure services business owned by Canadian exchange operator TMX Group, could expand the low latency networks available to customers of ICE’s NYSE subsidiary.
Following ICE’s acquisition of Interactive Data in December 2015, that company’s 7ticks low latency network was integrated with NYSE’s Secure Financial Transactions Infrastructure (SFTI) in a combined extranet. Atrium, which TMX had itself acquired in 2011, includes wireless networks connecting Toronto to New York and Toronto to Chicago.
Since ICE and NYSE have data centers in the New York area (Mahwah and Secaucus, N.J.) and Chicago, the Atrium network will directly connect Toronto users to all of those data centers.
The transaction between ICE and TMX is expected to close in 90 days, and TMX Atrium will then become part of ICE Data Services.