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TMX Datalinx Announces Data Distribution Agreement with NASDAQ

Data feeds will be available to TMX and NASDAQ co-location clients.

TMX Group announced that TMX Datalinx, its information services division, entered into a bilateral agreement with NASDAQ OMX Global Data Products to make each marketplace's market data available in their respective colocation facilities.

Using TMX North America, TMX's low latency network between Canada and the U.S., TMX and NASDAQ OMX's colocation clients can receive low latency, reliable and cost efficient access to NASDAQ OMX and TMX market data, NASDAQ said in a release.

"TMX Datalinx's partnership with NASDAQ OMX Global Data Products allows us to expand the range of market data available to our colocation clients. This makes trading securities more efficient as the access to the information to trade those securities will be readily available," said Eric Sinclair, president of TMX Datalinx and group head of information services. "We are pleased to be able to respond to the increasing demand for TMX data in the U.S. and globally."

"Our collaboration with TMX benefits our market data customers by offering access to our respective data sets in secure and reliable data centers in a more cost-effective fashion," said Brian Hyndman, SVP of global data products, NASDAQ OMX. "This agreement allows domestically-based customers access to a broader and richer data set without the high cost of developing direct connections."

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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