Canadian exchange operator TMX Group has acquired connectivity specialist Atrium Network. Financial terms were not disclosed.
Founded in 2006, Atrium operates a low latency network platform in Europe and North America that covers the service areas TMX had planned to target with its own recently established TMXnet offering.
The rebranded TMX Atrium will operate as a unit of TMX Datalinx, the group's information services division, with the combined network offering 25 points of presence in 11 countries, 24 trading venues and 300 data sources.
Eric Sinclair, president, TMX Datalinx, says: "Atrium Network extends our connectivity solutions into Europe and expands our US presence significantly ahead of schedule."
Separately, the consortium trying to buy TMX Group, Maple, has extended the deadline for its C$3.8 billion offer to 30 September as it seeks to obtain the required regulatory approvals.