Emmanuel Carjat, Chief Executive Officer, Atrium Network
"This is an important development for our companies and for our respective clients."
Canadian Exchange operator TMX Group has announced that it has acquired Atrium Network,the provider of low latency network solutions in Europe and North America. Atrium Network, which will be rebranded TMX Atrium, will operate as a unit of TMX Datalinx™, TMX Group's information services division.
"Atrium Network extends our connectivity solutions into Europe and expands our U.S. presence significantly ahead of schedule," said Eric Sinclair, President, TMX Datalinx and Group Head of Information Services. "We are very excited about the opportunity TMX Atrium presents. Our combined network will offer 25 points of presence in 11 countries, 24 trading venues and 300 data sources with plans to expand in the future where our clients need us."
"This is an important development for our companies and for our respective clients," added Emmanuel Carjat, Chief Executive Officer of Atrium Network. "The complementary capabilities offered by Atrium Network and TMX Datalinx will enable our current and future clients to benefit significantly from additional data content and from enhanced access to trading solutions. TMX Atrium will continue to provide a neutral platform to facilitate communication within the global financial markets."
The connectivity footprint that Atrium Network offers will also provide a new channel for order flow into Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange.