ICE to Buy TMX Atrium
Intercontinental Exchange Announces Agreement to Acquire TMX Atrium from TMX Group
ATLANTA and NEW YORK — February 15, 2017 — Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced it has entered an agreement to acquire TMX Atrium, a global extranet and wireless services business from TMX Group. Terms of the agreement were not disclosed, and the transaction is expected to close within 90 days, subject to regulatory approvals. The financial impact of the transaction will be immaterial and was included in ICE’s financial guidance for 2017.
TMX Atrium provides low latency connectivity across 12 countries, more than 30 major trading venues, and ultra-low latency wireless connectivity between the Toronto, New York and Chicago metro areas. TMX Atrium will become part of ICE Data Services and will be integrated with the Secure Financial Transaction Infrastructure (SFTI®). In addition, the service will be offered alongside SFTI Wireless, provided by Anova Technologies, which offers the fastest connectivity between ICE’s Mahwah data center and other co-location facilities in Carteret and Secaucus, New Jersey.
SFTI, which is part of ICE Data Services’ Connectivity services, is a highly resilient private network offering comprehensive global connectivity solutions for accessing markets and data. ICE Connectivity offers a range of highly secure, low latency network options, global co-location, the SFTI Direct Market Access (DMA) network of over 150 venues, and 600 market data and news feeds. In addition, it provides access to 450 normalized real-time data feeds through the ICE Consolidated Feed.
Lynn Martin, President and COO of ICE Data Services said, “With the addition of TMX Atrium, we are enhancing our service to customers by expanding the reach and access of SFTI. 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.”
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange, Interactive Data and Trayport. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on February 7, 2017.
Different systems, each powered by infrastructure that suits their own requirements, should be interoperable.
The route connects the B3 colocation facilities in Sao Paulo with the Nasdaq data center in Carteret, NJ.
'Shortwave as a Service' provider says its speed is the new benchmark for latency between exchanges.
Aim is to provide a 'one-stop shop' for options trading.
The fintech vendor will adopt the NYFIX platform for alternative connectivity.