Iress Market Technology Canada LP, a member of the corporate group of Iress Market Technology Limited, today announced a long term co-location agreement with TMX Group, which operates the Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange.
With this new agreement, IRESS's market data, trading and best market router platforms will continue to be hosted within TMX Group's primary data centre through 2014.
This agreement will provide IRESS customers with maximum speed and capability for trades on Canada's premiere stock exchanges, the Toronto Stock Exchange and TSX Venture Exchange. IRESS has secured the long-term ability to execute complex trading strategies that benefit their customers by offering optimal connectivity and minimal latency to the Toronto Stock Exchange and TSX Venture Exchange. Traders can leverage the low latency platform to maximize their single order entry, algorithmic and direct market access (DMA) trading strategies.
"Our customers demand robust low latency trading solutions. As the leading trading platform provider in Canada, we are delighted to be able to offer the advantage of direct access to the Toronto Stock Exchange and TSX Venture Exchange" said Jim Davies, President and CEO of IRESS Canada. This agreement ensures that availability will continue and it will allow traders to tune their trading strategies based on the advantages this connectivity provides.
"In an increasingly complex trading environment, we are pleased to be able to offer co-location services to participating organizations and other stakeholders that allow them to execute highly sophisticated trading strategies for the benefit of their customers. IRESS now has long-term low latency, single-digit microsecond access to TMX Group's equity and derivative markets, as well as value-added data services for the entire North American marketplace," said Eric Sinclair, Senior Vice President of TMX Datalinx. "As we continue to roll-out our co-location expansion strategy, we look forward to offering similar solutions to an increasing number of participating organizations and stakeholders from across Canada and the United States.