TMX implements low latency connections between Chicago, New York and Toronto
TMX Group Inc. today announced that TMX DatalinxTM, its information services division, has implemented its ultra-low latency network, TMXnetTM North America (NA), between Toronto, New York and Chicago. Network capacity has been increased to 10Gb and return trip latency reduced to the 10 millisecond range.
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"TMXnet NA is a high capacity, low latency network between Toronto and two key U.S. financial centres, which was implemented to enhance the efficiency of trading in Canadian and North American markets," said Eric Sinclair, President, TMX Datalinx and Group Head of Information Services. "With TMXnet NA, we are able to meet our clients' needs for increased choice in direct feed solutions and order flow connectivity."
TMXnet NA is used to deliver TMX and other Canadian capital markets data to clients in New York and Chicago, as well as U.S. financial data to clients in TMX's co-location facility and the Toronto core. The network will also be used to offer dedicated telecommunications links for TMX Group's co-location clients.