Fidessa connects to TMX Select

Source: Fidessa

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, has today announced that it will provide connectivity, through its global FIX network and its trading platform, to TMX Select, the newly launched Canadian ATS for trading equity securities.

This will allow users of Fidessa's Canadian trading platform to access the liquidity available from this new lit venue at no additional cost.

Martin Hakker, CEO, Fidessa Canada corporation, said: "In our dynamic multi-market environment, it is essential that Fidessa connects to new venues as they launch, giving clients seamless and instant access to new liquidity as soon as it becomes available so they can fulfill their regulatory requirements and provide broader options to their traders. We are proud to have been connected live to TMX Select on its first day of trading and will strive to continue providing the level of service that our shared customers are accustomed to."

TMX Select is owned and operated by TMX Group (TSX-X), and based on TMX Group's high-performance TSX Quantum trading platform. With functionality and pricing models separate and distinct from Toronto Stock Exchange and TSX Venture Exchange, TMX Select offers additional execution options to the industry through differentiated features and pricing, and includes expanded trading hours, strict price-time priority for visible orders, and a simplified market structure with continuous trading of board lots only and no special terms.

"TMX Select provides multiple benefits to market participants, including new liquidity, innovative pricing and the leading ATS technology in Canada," said Kevan Cowan, President, TSX Markets and Group Head of Equities. "We are delighted to be working with Fidessa to extend all of our services and offerings to a broader array of clients both domestically and internationally. Fidessa's commitment to the Canadian marketplace and focus on staying on top of the evolution of trading venues resonates well with our strategy of providing customers with access to the best possible trading products and services."

The addition of TMX Select to Fidessa's network follows the selection of TMX's co-location facility to provide Fidessa's users with direct high-speed access to Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange trading engines and market data feeds. Fidessa also recently announced the latest release of its Canadian trading platform, which delivers significant new features including improved Smart Order Routing (SOR), enhanced FX capabilities, updated algorithmic functionality and Order Audit Trail System (OATS) ready reporting. 

Comments: (0)

sponsored