Growing community of capital markets clients drives demand for
TORONTO, Feb. 2, 2012 /CNW/ - TMX Group Inc. today announced that phase
four of its co-location facility will open in Q2 2012. 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
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 co-location 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.
TMX Group's exchange-grade space was built to meet the growing domestic
and international demand for exchange co-location. The product is
available to market participants as well as firms providing technology
and network services to market participants. In addition to
low-latency access to the TMX Group equity and derivative exchanges,
customers benefit from access to regional and international
marketplaces, on-site financial technology service providers, and easy
access to many global financial network services providers.
"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.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy
Brokers, Equicom and other TMX Group companies provide listing markets,
trading markets, clearing facilities, data products and other services
to the global financial community. TMX Group is headquartered in
Toronto and operates offices across Canada (Montreal, Calgary and
Vancouver), in key U.S. markets (Houston, Boston and Chicago) as well
as in London and Beijing. For more information about TMX Group, visit
our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE TMX GROUP INC.
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Manager, Corporate Communications