ICE Buys TMX Atrium
The acquisition adds low-latency connection between Toronto and New York.
![connectivity-global-network-2 connectivity-global-network-2](/sites/default/files/styles/landscape_750_463/public/import/IMG/642/287642/connectivity-global-network-2-580x358.jpg.webp?itok=PePToupe)
The transaction is expected to close within 90 days subject to regulatory approvals. TMX Atrium will be folded into ICE Data Services and integrated with the Secure Financial Transaction Infrastructure (SFTI) network.
The deal will bring an all-important access point for North America, providing wireless low-latency service for data centers between Toronto and New York, and Toronto and Chicago.
Lynn Martin, president and COO of ICE Data Services, said the acquisition will expand the reach and access of SFTI.
“With the addition of TMX Atrium, we are enhancing our service to customers by expanding the reach and access of SFTI,” Martin said. “This includes adding the lowest-latency connection between Toronto and New York, a key hub for North American financial market participants. This will extend ICE Data Services’ solutions, which include networking, co-location, real-time feeds, and desktop data tools for global equities, derivatives and fixed-income markets.”
TMX Atrium has extensive wired and wireless connectivity across 12 countries; ICE bought both businesses. The wireless service will be offered along with SFTI Wireless.
SFTI is a private network that provides connectivity to access markets and data. It lets users have direct market access to over 150 venues and 600 market data and news feeds. The addition of TMX Atrium’s infrastructure expands that market access.
Last year, ICE integrated the 7Ticks network it acquired with Interactive Data with SFTI.
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