Getting information on Canada's capital markets from TSX Datalinx will be even easier thanks to a new collaboration between TSX Datalinx and SAVVIS Communications (NASDAQ:SVVS), a leading provider of advanced network and hosting services to the global financial services industry. This data will be distributed through TSX Datalinx's LinxPointOne, the platform that connects TSX Datalinx to the vendor community.
"We continue to look at new ways to expand the distribution of equity trading and market data from Canada," said Richard Nesbitt, President of TSX Markets. "Our arrangement provides TSX Datalinx partners with an alternative network solution to reduce expensive telecom costs due to geography. With SAVVIS' global IT infrastructure spanning more than 45 countries, we get instant connectivity to more than 4,700 financial firms including many of the world's leading banks and brokerages."
As part of TSX Datalinx's ongoing efforts to provide data products and services for the capital marketplace, the arrangement with SAVVIS strengthens the equities distribution model by leveraging LinxPointOne to provide data from the following:
- Canadian bond prices
- Canadian corporate disclosure
- Canada's national stock exchanges
"Through one connection to SAVVIS, vendors of capital market information will gain access to our entire suite of services," said Eric Sinclair, Senior Vice President, TSX Datalinx. "It provides the end user with a faster, simpler portal to this critical trading information." SAVVIS provides the network and hosting solutions for exchanges to process and distribute real-time market data to traders and vendors.
"SAVVIS continues to grow its global presence as a proven network and hosting service provider for a number of leading financial exchanges and liquidity pools - NYSE, Boston Stock Exchange, Boston Options Exchange, London Metal Exchange, Montreal Exchange, NASDAQ, Chicago Board Options Exchange, the Philadelphia Stock Exchange, and others," said Jack Finlayson, president and chief operating officer of SAVVIS. "We are pleased that TSX Group has chosen SAVVIS to provide outstanding liquidity and service to its customers through TSX Datalinx's LinxPointOne."