Fidessa Canada Corp. has chosen the TMX Group Inc.’s co-location facility to operate its trading solutions, the two companies said Tuesday.

Co-located clients receive the benefits of direct high-speed access to the Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange trading engines and market data feeds, says TMX Group (TSX:X).

“Fidessa is pleased to co-locate at TMX Group’s primary data centre. The exchange continues to innovate and Fidessa shares this same spirit of progress by always looking to facilitate more efficient trading, better connectivity and improved service for our customers,” says Martin Hakker, managing director Fidessa Canada.

“TMX Group is delighted that Fidessa has selected our co-location facility located outside of Toronto’s downtown core, which provides on-site access to both our cash and derivatives markets,” adds Eric Sinclair, president, TMX Datalinx and group head of data services

“Our co-location services help international capital market participants like Fidessa in trading Canadian markets more efficiently.”

Headquartered in London and with regional operations across Europe, North America, Asia, and the Middle East, Fidessa supports 26,000 users across around 900 clients, serving a broad spectrum of customers from major investment banks and asset managers through to specialist niche brokers and hedge funds.

IE