Intercontinental Exchange to Acquire TMX Atrium from TMX Group

Intercontinental Exchange announced on February 15thit 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.”

Intercontinental Exchange 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.

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