Iress and TMX Group extend co-location service agreement
TORONTO, Sept. 29, 2011 /CNW/ - IRESS is pleased to announce the
upcoming release of ION (IRESS Optical Network). In addition, IRESS has
extended its co-location agreement with the TMX Group through to 2015.
The IRESS Optical Network (ION)
Designed to meet the increasing demands of Canadian and international
trading, ION provides IRESS clients with an industry-leading, ultra
low-latency, high-capacity, multi-market trading ecosystem that
delivers IRESS' OMS IOS+, IRESS FIX+, consolidated market data and the
IRESS Best Market Router (BMR).
ION utilizes industry leading 10 Gigabyte connectivity between all key
data centres housing Canadian exchanges and dark pools, providing IRESS
clients with the highest bandwidth access to Canadian market and trade
Fully managed, ION continues IRESS' on-going investment in developing
high availability trading infrastructure that meets the highest
standards for throughput, resiliency, and reliability. Continuously
innovating, IRESS was the first Canadian vendor to operate dual hot
sites with fully redundant systems, and the first vendor to co-locate
with TMX Group in January of 2007.
Continuation of the TMX Group Co-location Agreement
IRESS is extending its co-location agreement with TMX Group supporting
LAN connectivity to TMX Group's equity and derivative markets.
Initiated in 2007, the co-location agreement has now been extended
through 2015. IRESS clients can leverage this commitment to enhance and
refine their trading strategies with the confidence that the underlying
connectivity infrastructure will remain stable and available in the
"As the first trading system vendor in our co-location facility, IRESS
clients were the first to benefit from the reduction in latencies and
increased stability associated with co-location," said Eric Sinclair,
President of TMX Datalinx and Group Head of Information Services.
"We're pleased that IRESS continues to offer the advantages of TMX
Group co-location to their clients through this extended agreement."
"IRESS has continuously sought ways to bring the highest quality and
lowest latency connectivity to our clients," said Jim Davies, President
and CEO of IRESS Canada. "The extension of our partnership agreement
provides our clients with the benefits of long term, stable TMX
co-location in addition to the industry leading network connectivity
provided through ION."
IRESS is a leading supplier of sophisticated trading solutions for
financial market participants in Canada and Internationally. Fully
customizable, IRESS integrates equities and derivatives trading,
automated order management, smart order routing, international market
data and compliance monitoring. Designed for high performance
environments, IRESS solutions are fully managed, provide low execution
latencies and offer seamless access to specialized markets and strategy
engines. Join Canada's leading financial institutions in utilizing the
most dynamic, integrated trading application available today. Contact
IRESS Sales at 416-907-9218 or email@example.com for additional information.
SOURCE IRESS Market Technology Canada LP
For further information:
VP of Sales
IRESS Market Technology Canada LP