Axiom now offers new low-latency access to consolidated real-time market data from multiple Canadian marketplaces, officials say.
Axiom, a market data-as-a-service solution platform, has expanded its real-time, low-latency equity data access to key Canadian feeds, officials say. Axiom is an offering from Exegy, a market data, trading technology, and managed services provider for the capital markets.
The expanded coverage is facilitated via Exegy’s implementation of the TMX Information Processor (TMX IP), a TMX Datalinx product, officials say. For Axiom clients, the TMX IP integration facilitates access to one, two, or all three of the following Canadian feeds: CBBO – Canadian Best Bid and Offer; CDF – Consolidated Data Feed; and CLS – Consolidated Last Sale.
TMX IP provides “a central source of consolidated Canadian equity market data that meets standards approved by regulators,” according to TMX Datalinx. “The TMX IP feeds use existing TMX routers and are offered via point-to-point connections from TMX’s data centers, the SFTI Network and on extranets which currently carry TMX market data feeds.”
In addition to the aforementioned feeds, the TMX IP products include the Canadian Best Bid and Offer for Protected only markets (CBBOP), Consolidated Depth of Book (CDB), and the Consolidated Depth of Book for Protected only markets (CDBP).
The additional equities support is driven by strong client demand, “and reflects Exegy’s ongoing investment in reducing cost and operational complexity for global trading firms,” officials say.
Clients can use their existing cross-connects to Exegy’s New York point of presence, which avoids the need for additional infrastructure. Axiom offers access to real-time market data from more than 300 venues worldwide.
Overall, this new access eliminates the need for a separate, dedicated Canadian infrastructure or co-location options, and will help firms streamline operations, reduce datacenter footprint, and accelerate time-to-market, officials say.
“By integrating TMX IP into our Axiom platform, we’re removing the barriers to accessing Canadian equities market data,” says Arnaud Derasse, chief technology officer (CTO) of Exegy, in a prepared statement.
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