Chi-X Canada and Atrium Network introduce first live market ecosystem
First Published Monday, 8 February 2010 from Automated Trader : MTF News
Low-latency ecosystem to provide dedicated “dark fibre” connectivity to all displayed Canadian market centres
Tal Cohen, CEO, Chi-X Canada: "The new Chi-X Canada/Atrium ecosystem will provide access to the Canadian markets and Chi-X Canada’s back up data centre in the Exchange Tower."
Chi-X® Canada ATS Limited and Atrium Network, have announced plans to launch the Canadian market’s first live market ecosystem, enabling equity market participants to access each of Canada’s five displayed marketplaces through a single ultra low-latency connection. The companies expect the ecosystem to be available by mid-March.
Access to the dedicated “dark fibre” ecosystem will be provided from Chi-X Canada’s new primary data centre at 151 Front Street in Toronto, which sits at the terminus of several of the long-haul fibre optic cables originating in New York and Chicago. Chi-X Canada’s goal is to create a trading ecosystem that will provide the market’s lowest-latency, most cost-effective solution for proximity-hosted access to Canada’s displayed trading venues, and should be particularly appealing to market participants that currently access the Canadian equity marketplaces through a trading technology vendor and are seeking a lower-latency, turn-key solution.
“Managing low-latency, proximity-hosted connections into each of Canada’s five displayed market centres has become a costly and time-consuming process for Canadian trading participants,” said Tal Cohen, CEO of Chi-X Canada. “The new Chi-X Canada/Atrium ecosystem will provide access to the Canadian markets and Chi-X Canada’s back up data centre in the Exchange Tower through a single, dedicated connection that is not only an extremely cost-effective solution, but one that will free trading participant’s internal technology resources to focus on their core businesses.”
Emmanuel Pellé, Executive Director at Atrium Network, commented, “Earlier this month, we announced the opening of our two new Points of Presence (PoPs) at Front Street and Q9, Wellington Street. Our connectivity to Chi-X Canada’s primary matching engine in Front Street provides critical ultra low-latency access essential in today’s high-speed trading environment. Our approach to providing single point connectivity to the major trading venues and our investment in the new Canadian PoPs offers Chi-X Canada’s participants increased choice in how they connect and route to this major electronic trading venue in addition to connecting Atrium Network’s global community into Chi-X Canada.”
- IRESS to co-locate with Chi-X Canada
IRESS Market Technology Canada LP has announced that it is to co-locate with Chi-X Canada.
IRESS Canada's dual 'hot/hot' primary data centres are intended to offer immediate and fully functional failover protection....continued - Automated Trader Updates
Atrium Network and BATS announced Multicast PITCH data feed, Fixnetix offered direct market data feed and trading access to Burgundy, and Turquoise and EuroCCP introduced trading and clearing services for Hungary and the Czech Republic....continued
- Hudson Fiber Network moves into Toronto
Hudson Fiber Network, the provider of high-bandwidth, low-latency networking solutions has announced a move into two locations in Toronto: 151 Front and 100 Wellington Streets, which will feature its X-Change Connect solution providing speeds from 10M to 40G — connecting customers to financial markets in New York, Chicago and New Jersey with low latency routes.
"We understand our customers’ need for instantaneous, uninterrupted information — a competitive advantage in today’s trading market,” said Brett Diamond, President, Hudson Fiber Network. “In addition to low latency, financial services customers are seeking global reach to the top financial markets. Our expansion into Toronto allows customers to connect to the major exchanges in New York, New Jersey, Chicago, London and Asia.”...continued
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