21 January 2018
visit www.ebaday.com

Chi-X Canada and Atrium set launch date for managed network offering

08 February 2010  |  1251 views  |  0 Source: Chi-X

Chi-X Canada ATS Limited and Atrium Network, provider of smarter connectivity for the financial community, today announced plans to launch the Canadian market's first live market ecosystem, enabling equity market participants to access each of Canada's five displayed marketplaces through a single ultra low-latency connection.

The companies expect the ecosystem to be available by mid-March.

Access to the dedicated "dark fibre" ecosystem will be provided from Chi-X Canada's new primary data centre at 151 Front Street in Toronto, which sits at the terminus of several of the long-haul fibre optic cables originating in New York and Chicago. Chi-X Canada's goal is to create a trading ecosystem that will provide the market's lowest-latency, most cost-effective solution for proximity-hosted access to Canada's displayed trading venues, and should be particularly appealing to market participants that currently access the Canadian equity marketplaces through a trading technology vendor and are seeking a lower-latency, turn-key solution.

"Managing low-latency, proximity-hosted connections into each of Canada's five displayed market centres has become a costly and time-consuming process for Canadian trading participants," said Tal Cohen, CEO of Chi-X Canada. "The new Chi-X Canada/Atrium ecosystem will provide access to the Canadian markets and Chi-X Canada's back up data centre in the Exchange Tower through a single, dedicated connection that is not only an extremely cost-effective solution, but one that will free trading participants' internal technology resources to focus on their core businesses."

Emmanuel Pellé, Executive Director at Atrium Network, commented, "Earlier this month, we announced the opening of our two new Points of Presence (PoPs) at Front Street and Q9, Wellington Street. Our connectivity to Chi-X Canada's primary matching engine in Front Street provides critical ultra low-latency access essential in today's high-speed trading environment. Our approach to providing single point connectivity to the major trading venues and our investment in the new Canadian PoPs offers Chi-X Canada's participants increased choice in how they connect and route to this major electronic trading venue in addition to connecting Atrium Network's global community into Chi-X Canada."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
13010 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8290 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
8192 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
7218 views 1 | 7 tweets | 2 linkedin

Featured job

Germany, Austria or Switzerland

Find your next job