CNSX Markets, which provides a secondary auction market for the trading of securities listed on other Canadian stock exchanges and a strong market covering public company equities, has deployed a point of presence (PoP) in Equinix’s TR1 International Business Exchange (IBX) data centre facility in Toronto, Canada.
The move to co-locate at the TR1 data centre is intended to cut costs, improve performance and streamline the connectivity options available to CNSX. It has been encouraged by requests from CNSX exchange customers already located in the Equinix TR1 facility, maintains the online trading facility. Its Pure Trading low latency/high performance platform, which provides a continuous auction market system for securities listed on other Canadian stock exchanges, is moving alongside the public company-focused main CNSX market.
Equinix’s TR1 IBX data centre in Toronto, Canada, is one of the preeminent telecommunications carrier ‘hotels’ and data centre facilities in Canada, claims the vendor. TR1 will provide both CNSX Market platforms with a full array of processing, matching and support services, with extensive network choice and the ability to interconnect to customers and partners across the financial services ecosystem.
The location of such data centres directly affects cost trajectories, of course, and a system performance enhancement can be expected, alongside extra flexibility to ‘future-proof’ its systems.
CNSX Markets’ new PoP in Toronto positions its systems for maximum connectivity, performance and agility, which also lowers the barrier to entry for dealer participation, and should hopefully lead to more volume.
According to Richard Carleton, chief executive officer (CEO) of CNSX Markets: “The Equinix data centre in downtown Toronto represents a significant concentration of equity market liquidity in Canada. As an organisation, we are constantly looking for ways to assist our dealers and other market participants to reduce costs and network management challenges. By offering our customers a low cost, high performance access to our services through the new point of presence at Equinix we can broaden the access and visibility of our marketplaces.”