Object Trading adds DMA Service Platform to TMX Group's Co-Location Centre

Multi-asset trading infrastructure provider, Object Trading, today announced the expansion of its Direct Market Access (DMA) Service Platform, after its fully managed services were made available at TMX Group’s co-location centre which provides access to the Montreal Exchange (MX), as per a company announcement.

The managed service is available to both buy-side and sell-side market participants and was described as being launched in response to the retrenchment that sell-side participants are experiencing as exchange volumes increase, and thus offering a means for them to access or create Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term where such opportunities arise.

Dan Hubscher, Object Trading’s Director of Strategy, added regarding the news: “Our conformed broker community has its execution, clearing, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term infrastructure in place, and its related client onboarding processes active, on the Object Trading platform.”

The addition of TMX Group’s co-location facility brings the total number of that Object Trading’s clients have access to – on a production level – to seven, and with over 60 markets connected without the need for maintenance or additional software or hardware trading infrastructure.

Object Trading’s DMA platform also provides buy-side firms with the ability to provide their own market access independent of their prime service relationships, and allows the flexibility for buy-sides to provide their own market access, independent of their prime service relationships while choosing tailored solutions available from providers.