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IPC connects to TMX venues

27 April 2011  |  2255 views  |  0 Source: IPC Systems

IPC Systems, a leading provider of trading communications solutions to the world's top financial services firms and global enterprises, has extended its global financial network with ultra low latency connectivity to TMX Group's Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange venues.

The announcement provides users of IPC's suite of Electronic Connectivity Services with secure, high-speed 10Gbps dedicated connectivity to TMX Group's equities and derivatives exchanges and market data feeds, TMX Information Processor products and TMX's co-location facility, while also providing local traders with access to IPC's broader global financial network that connects 200 cities in more than 70 countries worldwide.

Direct connectivity to TMX Group follows IPC's recent introduction of its new sub-10 millisecond 10Gbps express trading route between the New York City metropolitan area and the Greater Toronto area, with IPC specifying a direct 10Gbps connection between TMX Group's primary trading site in the Toronto area, as well as other data centers in Toronto. IPC's financial network provides members of IPC's on-net community with a direct gateway to the dynamic Toronto equities and derivatives markets, shaving critical milliseconds of the New York to Toronto route thanks to the company's implementation of core network.

"TMX Group is committed to providing our trading and data customers with the highest levels of performance and reliability, and are delighted to extend our ultra low latency connectivity options through a direct connection to IPC's global financial network. IPC's presence in TMX's co-location facility allows IPC to serve the connectivity needs of our broad co-located client base," commented Eric Sinclair, President, TMX Datalinx and Group Head of Information Services. "As Canada's largest liquidity venue we believe that TMX Group continues to represent an attractive trading destination for international investors, and we look forward to increased interest from the growing number of trading firms that choose to connect via IPC's portfolio of Electronic Connectivity Services."

"Canada is becoming a key venue for the international trading community, and we're delighted to add the TMX Group's equities and derivatives exxchanges to our global financial network," added Jeffrey Britell, Vice President, Global Carrier and Exchange Relations at IPC. "Thanks to our major North American investment program, we're delighted to bring 10Gbps dedicated connectivity to the TMX Exchanges, and we're excited to be providing our IPC Electronic Connectivity Services customers with a reliable, secure, ultra low latency link to key destinations such as TMX."

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