19 March 2018
visit www.nextgenbanking.co.uk

ICE closes TMX Atrium acquisition

01 May 2017  |  2476 views  |  0 Source: Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced it has completed its all-cash acquisition of TMX Atrium, a global extranet and wireless information services business, from TMX Group.

The transaction was announced in February and the terms of the agreement were not disclosed. The financial impact of the transaction will be immaterial and was included in ICE’s financial guidance for 2017.

Lynn Martin, President and COO of ICE Data Services said, “We’re excited about the addition of Atrium to the portfolio of services offered through ICE Data Services. As part of SFTI, Atrium will expand our global offering and will add the lowest-latency connection between Toronto and New York, a key hub for North American market participants. We look forward to working with customers and offering access to market information using low-latency, highly resilient connectivity from trading venues around the world.”

Atrium provides low-latency access to markets and market data across 12 countries, more than 30 major trading venues, and ultra-low latency wireless connectivity to access markets and market data in the Toronto, New York and Chicago metro areas. With the completion of this acquisition, Atrium will be integrated with the Secure Financial Transaction Infrastructure (SFTI®), a highly resilient private network offering comprehensive solutions. SFTI is part of ICE Data Services’ Connectivity service, which offers a range of highly secure, low-latency network options, global co-location, the SFTI Direct Market Access network of over 150 venues, and 600 market data and news feeds providing market information. In addition, it provides access to 450 normalized real-time market data feeds through the ICE Consolidated Feed.

Atrium’s ultra-low latency wireless service will be offered alongside SFTI Wireless, provided by Anova Technologies, which offers one of the fastest access to markets and market data between ICE’s Mahwah data center and other co-location facilities in Carteret and Secaucus, New Jersey.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit www.facebook.com/business/

Top topics

Most viewed Most shared
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
8506 views comments | 24 tweets | 36 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
8213 views comments | 9 tweets | 8 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
7083 views comments | 18 tweets | 17 linkedin
Barclays propels Coinbase into Faster PaymentsBarclays propels Coinbase into Faster Paym...
7025 views comments | 15 tweets | 28 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job