Clients of Canadian exchange operator TMX will be able to use co-location services in the TMX data centre from 30 June, 2010.
The Toronto Exchange group has built 200 co-location spaces in its data centre to offer clients high-speed access to the Toronto Stock exchange, TSX Venture Exchange and Montreal Exchange trading engines and market data feeds.
The work began in Q4 last year and was originally expected to complete at the start of the year. “Our co-location facility provides our trading and data clients with a single point of access to our multi-asset class trading enterprise with the fastest possible response times,” said Brenda Hoffman, senior vice president and chief information officer, TMX Group.
The group says that the space was built to meet growing domestic and international demand.
TMX’s co-location facilities are expected to attract high-frequency trading firms to use the exchange group’s trading platforms.
New rival trading venues such Omega ATS have been set up to attract this order flow, posing a significant threat to traditional exchanges which typically operate on older, slower technology. Omega ATS, which offers trading on Toronto Stock Exchanges listed securities, recently unveiled a matching engine that it claims makes it one of the fastest trading venues in Canada.