TMX Group Offloads TMX Atrium to Intercontinental Exchange

Canadian exchange operator TMX Group has sold off its wireless and extranet infrastructure services business, TMX Atrium to Intercontinental Exchange (ICE) (NYSE: ICE), part of the group’s ongoing strategy to help retain profitability, according to a group statement.

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The sale will also see TMX Atrium become integrated with ICE Data Services, the group’s global provider of market data solutions. ICE is also one of the largest operators of global exchanges and clearing houses – its acquisition of TMX Atrium will help ICE Data Services assimilate its latency connectivity capabilities, which extends to over 30 trading venues worldwide.

More specifically, TMX Atrium’s framework and functionality will also integrated within the Secure Financial Transaction Infrastructure (SFTI), offered alongside SFTI Wireless. This will aim to help streamline connectivity between ICE’s Mahwah Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term and other co-location facilities in Carteret and Secaucus, New Jersey.

The terms of the sale of TMX Atrium were not presently disclosed, though the transaction is expected to close within 90 days, pending the requisite regulatory approvals.

According to Eric Sinclair, President, TMX Market Insights and Group Head of Information Services, in a recent statement on the sale: "The sale of the TMX Atrium business is the result of a shift in our strategic focus from infrastructure services to providing intellectual property-based Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term solutions that drive client investment decisions.”

"Going forward, Atrium clients stand to benefit from the expanded global reach of the combined Atrium and Secure Financial Transactions Infrastructure (SFTI) network,” he added.