TMX Group Expands Co-Location Facility
February 2, 2012
TMX Group said it has advanced implementation of it phase four of its co-location facility, to open by the end of June.
Strong demand for co-location with TMX Group, as well as rapid adoption of prior phases, has advanced implementation of phase four. “Interest in co-locating at TMX Group has increased as our client community has broadened to include buy-side participants, technology vendors, application service providers and financial networks,” said Eric Sinclair, President, TMX Datalinx and Group Head of Information Services.
TMX Group co-located clients receive the benefits of low-latency access to Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, and TMX Select trading engines and market data feeds. This gives clients low-latency access to approximately 71% of Canadian equity liquidity and 100% of Canadian derivative exchange liquidity.
TMX Group also announced several product enhancements that will benefit clients: upgraded electrical systems, improved availability, extended access hours, expanded security presence and improved operational procedures. These improvements enhance TMX co-location’s unique position as the only collocation facility in Canada built and operated exclusively for capital markets. Being located outside of the downtown Toronto core is a key benefit of this facility, which provides multiple advantages including accessing multiple electrical power grids.
“Phase four of TMX co-location is a seamless expansion of our phase three facility and allows more clients to join, contribute to, and benefit from the growing community there,” said Brenda Hoffman, Senior Vice President and Group Head of Information Technology, TMX Group.
TMX’s co-location announcement comes one day after the operator of the Toronto and Montreal exchanges said it would use hardware acceleration methods to reduce the speed of an order below 100 microseconds in 2013. The new trading system is designed to be capable of handling 200,000 orders per second.
To augment these new capabilities, 10 Gb communication access will be made available for the first time to Toronto Stock Exchange, TSX Venture Exchange and TMX Select customers.
