TMX Group Inc. yesterday announced that, as a result of significant global client demand, its co-location services will be expanded in 2009 to include additional client cabinets for both equity and derivatives clients.
Co-location provides the opportunity for Toronto Stock Exchange (TSX) and TSX Venture Exchange clients to locate their trading applications in the same physical data centre as the TSX QuantumTM trading engine and the TSX market data content provider. In 2009, with the completion of the integration of Montreal Exchange and TSX data centres, co-location services will be expanded to include derivatives trading and data clients.
“TMX Group clients co-locating their trading infrastructure within our data centre will enjoy a reduced response time,” said Tom Kloet, CEO, TMX Group. “Providing these services demonstrates TMX Group’s commitment to offering low-latency solutions that support algorithmic and high velocity trading.”
Newedge Canada, Inc. was one of the first brokerage firms to sign up for this service. Antoine Babule, Managing Director of Newedge Canada, said: “As a new force in global brokerage, we recognize the competitive benefits of low-latency access to trading and data. Having access to the trading engines for the dominant cash and derivatives exchange in Canada on a co-located basis is a very attractive solution and supports multi-asset strategies for sponsored direct market access and algorithmic trading.”
TMX Group is holding its 2008 Analyst Day on Friday, November 21, 2008.