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April 06, 2013

ITG Moves to TMX Datalink Colocation Facility



By David Delony
Contributing Writer



TMX Datalinx has welcomed ITG Canada into its colocation facility, which caters to financial clients.

Both ITG and MATCH Now, ITG’s broker-neutral crossing network, have completed the migration to the new data center.

“Being chosen by ITG to host their Canadian infrastructure highlights our position as the premiere exchange co-location facility in Canada. All of the clients in our co-location community will benefit from the presence of ITG and MATCH Now technology assets,” said Eric Sinclair, president of TMX Datalinx and Group Head of Information Services. “Client demand for our colocation service remains strong and confirms the value we offer. We are now over 70 percent subscribed.”

TMX Group has just finished the fourth phase of the construction of its Canadian data center, including upgrading the infrastructure and improving security.

“By colocating our trading and enterprise infrastructure with TMX Group we benefit from the high quality of their data centre, proximity to the TMX Group marketplaces and easy access to the many clients who are also present there,” said Nick Thadaney, CEO at ITG Canada.

The TMX Group has gotten high marks for its Datalinx services division, offering access to the Toronto Stock Exchange as well as a number of other financial markets. The site now has 24/7 access, business Internet cross-connection, and increased maintenance windows.

The Financial Information Services Division (FISD) of the Software and Information Industry Association (SIIA) named TMX an “outstanding data provider” in 2011, by adhering to FISD’s best practices for sending notifications to customers for system upgrades, unplanned downtime, maintenance and introducing new products.

“We are extremely proud of this achievement and honored to be recognized along with these other world-class exchanges and content providers," Sinclair said at the time. "This award underscores TMX Datalinx's continuing commitment to providing the best in products and services to our customers."



 
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