30 August 2016
Find out more

Bloomberg opens new ticker plant in Toronto

30 July 2014  |  1330 views  |  0 Source: Bloomberg

Bloomberg today announced a new ticker plant in the Toronto Markham data center, giving financial institutions faster access to real-time market data from Canadian exchanges.

The plant, which is currently live and operational, retrieves data from all local exchanges including Toronto Exchange (TSX), Montreal Exchange and Chi-X. The data is consolidated and delivered to Bloomberg's market data customers at a rate 71 percent faster than previously available.

"Our real-time feed business is growing based on strong demand for better data quality and consistency across the board," said Tony McManus, Bloomberg's Head of Real-Time Market Data Technologies. "Canada is a strategic market for Bloomberg, and the ticker plant is one of our many initiatives to continue to improve trading efficiencies for our global market data customers."

Bloomberg's new ticker plant facility collects market data for Canadian equities, options and futures from regional exchanges, "normalizes" it and delivers it via B-PIPE, Bloomberg's consolidated real-time market data feed. B-PIPE data can feed a variety of desktop and server-based applications from Bloomberg and other technology providers, as well as a customer's own proprietary and algorithmic applications.

"Fast and reliable access to all the major trading venues in Canada is critical for a trading operation of our size and global reach," said Rich Weston, Director, Global Head of Market Data at BMO Financial Group. "This investment in the Canadian market will lead to greater choice and flexibility in how we ingest local data into our automated systems and desktop applications."

Bloomberg is investing in connectivity to regional exchanges as Canadian capital markets grow. Analysis from Bloomberg reports that Toronto's benchmark equity index - the S&P/TSX Composite Index - ranks first among the world's 10 largest equity indexes over the past year after accounting for volatility.

Bloomberg's presence in Canada dates back to 1985 when it delivered its first Bloomberg Professional service desktop in the country. The Bloomberg News staff in Canada has grown by 50 percent in the past year, and Bloomberg is now the largest international news organization in Canada's capital, Ottawa.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit capgemini.comFind out more

Top topics

Most viewed Most shared
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
9027 views comments | 23 tweets | 25 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6613 views comments | 14 tweets | 14 linkedin
Cultural change crucial in digital transformationCultural change crucial in digital transfo...
6447 views comments | 11 tweets | 10 linkedin
Mondo becomes MonzoMondo becomes Monzo
6243 views comments | 14 tweets | 8 linkedin
hands typing furiouslyBlockchain: Some Remarkable Announcements!
5825 views 0 | 5 tweets | 10 linkedin

Featured job

Find your next job