25 May 2018
Visit aciworldwide.webex.com

TSX wins five-year information processor contract

05 June 2009  |  1848 views  |  0 Source: TSX

Today, the Canadian Securities Administration (CSA) announced that TSX Inc., the wholly-owned subsidiary of TMX Group Inc. (TMX), will act as an information processor for exchange-traded equity securities for a period of five years commencing July 1, 2009.

 "We are extremely pleased with the CSA's announcement," said Tom Kloet, TMX CEO. "We are confident that the TMX solution is best able to serve the interests of market participants."

The role of an Information Processor is to provide a central source of consolidated Canadian equity market data that meets standards approved by regulators. The TMX Information Processor products include the Consolidated Data Feed (CDF(TM)), Canadian Best Bid and Offer (CBBO(R)), Consolidated Last Sale and a consolidated book. CDF and CBBO are currently available and provide market participants with low-latency access to consolidated real-time market data from multiple Canadian equity marketplaces. These products use world class third-party technology and are delivered to clients through existing telecommunication links with TMX.

"The TMX Information Processor solution leverages this existing client connectivity, providing economic efficiencies for all market participants," said Eric Sinclair, Senior Vice President, TMX Datalinx. "Our high-speed solution is designed to offer ease of access to Canadian marketplace content for domestic and international clients."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit aciworldwide.webex.comVisit http://go.jumio.com/finextraAdVisit iliad-solutions.com/

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
17978 views comments | 2 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
8423 views comments | 18 tweets | 26 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7133 views comments | 13 tweets | 13 linkedin
There are some things you just can't do with an appThere are some things you just can't do wi...
6250 views comments | 9 tweets | 15 linkedin
satelliteBofA begins full scale rollout of AI chatb...
5959 views comments | 3 tweets | 4 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job