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Q&A: TMX Datalinx's Eric Sinclair on Global Expansion

In the wake of a called off merger with the London Stock Exchange, the acquisition this summer of Atrium Networks by Canada's TMX Group gives it a global distribution network for its data services. IntelligentTradingTechnology.com found out more from Eric Sinclair, president of TMX Datalinx and group head of information services.

Q: Can you explain how the acquisition of Atrium Networks fits into TMX's broader business strategy?

A: We see TMX Atrium as an integral part of our enablement strategy whereby we facilitate clients’ access to multiple channels to consume TMX Datalinx market data. Atrium Networks already had a rich spectrum of clients using data from other venues and we will continue to add our data to that community. TMX Atrium has already expanded its global footprint to locations where TMX data can be delivered.

Q: Specifically, what does Atrium Networks bring to TMX Datalinx?

A: We saw that Atrium Networks’ ability to deliver fast, scalable and smarter connectivity solutions to required communities was a very good model. For TMX Datalinx, we see TMX Atrium as a connectivity solution that can deliver TMX data services to clients in Europe and the USA.

Q: TMX Atrium provides connectivity not only to TMX Group’s exchanges but to other Canadian exchanges, such as Chi-X Canada and Pure.  Will TMX Atrium continue to provide that connectivity, on a level playing field basis?

A: Absolutely. TMX Atrium will continue to help clients connect to other trading venues in addition to Toronto Stock Exchange, TSX Venture Exchange and TMX Select by providing venue-neutral connectivity for all TMX Atrium clients.

Q: Before the acquisition, TMX was already building out TMXnet, both locally and into the US. How much overlap is there with what Atrium Networks brings? Will the existing network be dismantled, or will it be merged into the network that comes with Atrium Networks?

A: The services that were offered by TMX Datalinx were very complementary to those provided by Atrium Networks. TMX Atrium now has 25 POPs, 11 countries and 24 venues connected, providing clients with excellent coverage across multiple markets, locations and asset classes. We offer the best coverage into all Canadian markets and will continue to build connectivity as driven by client demand.

Q: Does TMX offer co-location at its data centre?  If not, what is the closest proximity centre to access TMX trading and information services?

A: TMX Datalinx does offer co-location services in its primary data centre in the Greater Toronto Area. Within this carrier neutral co-location facility, clients have a range of telecommunications options to choose from, including TMX Atrium telecommunications solutions. TMX Atrium offers access into and out of this centre, so TMX clients located in the data centre benefit from being able to trade on other markets and venues connected to TMX Atrium across Canada, the U.S. and Europe.

Q: Are you planning to expand TMX Atrium beyond its current footprint?  What locations and geographies are next on your list?

A: We will continue to listen carefully to client demand and build out connectivity accordingly to provide unrivalled connectivity to multiple markets for multiple participants.

Q: What other planned developments for trading, information or services are you working on?  What's next for TMX Datalinx in low latency?

A: In addition to expanding the TMX Atrium network globally, TMX Datalinx also plans to continue expanding the range of high performance equity and derivative data feeds to reduce barriers to entry to our markets and help contribute to more efficient trading in our domestic and global markets. In addition, TMX Datalinx plans to expand its co-location and proximity hosting services.

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