This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The agreement sees Beeks offer its Exchange Cloud® service as TMX Elastic Market Access (TMX EMA) to TMX Datalinx clients (subject to regulatory approval).
Under the terms of the agreement, TMX Datalinx intends to offer co-located Infrastructure-as-a-Service through Beeks’ Exchange Cloud® platform, reinforcing the platform’s growing international traction and underlining Beeks’ position as a trusted infrastructure partner for capital markets.
TMX EMA, powered by Beeks’ Exchange Cloud®, is a fully managed and configurable infrastructure-as-a-service (IaaS) solution, designed specifically for capital markets environments. TMX Datalinx intends to leverage this service to offer clients a secure, low-latency and scalable hosting solution tailored for high-performance trading and data analytics.
The proposed deployment of TMX EMA will allow TMX Datalinx to provide market participants with access to bare metal compute, dedicated connectivity and on-demand infrastructure, all located within the TMX Datalinx co-location facility. This will create new opportunities for firms to operate in a more agile and cost-effective way, while maintaining the speed and reliability that high performance trading strategies require.
Gordon McArthur, CEO at Beeks Group said: “We are delighted to welcome TMX Datalinx to our growing community of Exchange Cloud users, empowering them to offer clients scalable, secure and low latency compute environments from within their co-location facility.
“TMX Datalinx’s adoption of our solution is a strong endorsement of our ability to meet the unique demands of global financial exchanges. It reflects the growing market appetite for flexible, cloud-based trading infrastructure, opening up new possibilities for how capital markets participants build and deploy trading systems.”
Michelle Tran, President, TMX Datalinx, added: “Our goal is to make accessing Canada’s markets as seamless and efficient as possible, and our planned TMX Elastic Market Access service is a direct response to client demand for more flexible and scalable trading infrastructure. By collaborating with Beeks and utilizing their proven Exchange Cloud platform, we will be able to offer clients a scalable, proximity-based virtual colocation service that connects them to our markets quickly, significantly reducing their deployment time to market.”
Read more on Finextra Research
