TMX Sells Atrium Network to Intercontinental Exchange
ICE will use the acquisition to expand the reach of its SFTI network, while TMX can pursue its new focus of investor analytics rather than infrastructure.
The sale will “position the company to deliver profitable long-term growth,” officials say. “The sale of the TMX Atrium business is the result of a shift in our strategic focus from infrastructure services to providing intellectual property-based analytics solutions that drive client investment decisions,” says Eric Sinclair, president of TMX Market Insights and group head of Information Services at TMX.
ICE will integrate Atrium’s fiber and wireless connectivity services with its own SFTI
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