NYSE Technologies has gone live with dual Liquidity Centres in Toronto, the latest in the rollout of its network of trading hubs, following on from its primary operations in Mahwah, NJ, and Basildon, UK, and the more recent opening in Tokyo.
The Toronto liquidity centres provide co-located low-latency access to local markets, with one at TMX’s Markham, ON facility, which houses the Toronto Stock Exchange and associated markets, and another at Q9 Networks’ data centre at 100 Wellington Street in downtown Toronto, where the Alpha ATS, Match Now and Pure Trading systems are located. Various connectivity options exist from these buildings to 151 Front Street, which is home to Chi-X Canada and Omega.
The Toronto centres provide what NYSE Technologies describes as core services, comprising its SuperFeed low-latency consolidated market data service, connectivity via its SFTI network, market access and pre-trade risk leveraging its Market Access Gateways, historical data in the form of its various tick history offerings, and on-demand computing, provided by its Community Platform cloud.
According to an NYSE Technologies spokesperson, no trading operations are currently in production at the centres, although one customer has been signed up, and there is a “strong” sales pipeline.
NYSE Technologies plans to roll out further liquidity hubs in major trading centres, and has mentioned Frankfurt, Hong Kong, Singapore and Sao Paulo in this respect.