The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

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

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.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 8 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

A-Team Group Introduces 2021 Innovation Awards

Here at A-Team Group we have been working hard on plans to celebrate innovative projects and teams with the launch of our A-Team Innovation Awards. The awards are designed to reward teams that have found innovative ways to make use of new and emerging technologies to solve challenges at financial institutions in capital markets. The...

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

The Trading Regulations Handbook

Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology...