TMX Atrium introduces The Order Machine connectivity

Source: TMX Atrium

TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced that it offers low latency connectivity to TOM (The Order Machine), the best execution specialist platform for the retail community.

TMX Atrium's neutral platform is designed to maximise trading participant's opportunities by offering one point of connectivity to the global financial community.

Secure connectivity for TOM is provided by TMX Atrium from the TOM multi-lateral trading facility (MTF) matching engine in Stockholm to TOM's data centre facilities. New members of TOM MTF can also use TMX Atrium to connect to the matching engine or to TOM's Smart Order Router (TOM Smart Execution). TOM joins multiple multi-asset execution specialists benefiting from TMX Atrium's secure connectivity infrastructure and co-location investment in key financial centres.

TOM will be able to connect into the growing TMX Atrium community as well as benefit from access to a scalable platform allowing its order machine to cope with increasingly faster market conditions and maintaining competitiveness in the retail community.

Emmanuel Carjat, Managing Director of TMX Atrium, said, "TMX Atrium provides connectivity to increasing numbers of multiple asset class execution specialists and is pleased to welcome TOM to our growing community. We will provide access to TOM's cash equities platform and options market and in turn, TOM's client base will be able to tap into our significant multi-asset trading community. We will continue discussions with additional liquidity providers in key marketplaces to help them connect to TOM."

Willem Meijer, CEO at TOM added, "Working with specialists such as TMX Atrium ensures we can extend our asset-class capabilities and connectivity reach further and ensures we continue to match MiFID requirements through efficient and effective supplier relationships. Our clients can benefit from quick and simple access to TMX Atrium's community knowing that the necessary scale and bandwidth is in place to grow with their own changing requirements." 

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