TSX Datalinx to distribute Chi-X Canada market data
TSX Datalinx, a division of TSX, is pleased to announce that it will distribute Instinet's Chi-X Canada ATS (alternative trading system) order and trade data.
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Connectivity to Chi-X Canada will be provided through LinxPointOne, TSX Datalinx's data distribution product, which leverages reliability and global distribution reach to provide real time market data to customers in Canada and internationally via one point of contact.
"We are extremely happy that clients will be able to access our market data through TSX Datalinx," said Tal Cohen, Senior Vice President at Instinet. "We have had ongoing and frequent discussions with key industry players - including the providers of front end trading systems, smart routers, market data and back-office systems - and will continue to collaborate with them as we aim to make the Q1 '08 launch of Chi-X Canada as seamless as possible for the Canadian trading community."
The Chi-X Canada Market Data Feed will be distributed using standard TSX proprietary messaging formats. Data distributors and Canadian dealers will be able to utilize existing network connections with TSX to receive Chi-X Canada data in much the same way they already handle TSX market data.
"TSX Datalinx is pleased to provide market data distribution services to Instinet's Chi-X Canada" said Eric Sinclair, Senior Vice President of TSX Datalinx. "We are committed to providing multiple sources of information to the marketplace. We are targeting industry testing in January 2008 and launch later in the first quarter."