Proximity to Canada's financial center bolsters the ActivNet low latency network
ACTIV Financial, a global provider of real-time, multi-asset financial market data and solutions, today announced that it is in the process of moving into TMX Group’s primary co-location facility to provide performance traders with a range of market data services, including low latency feeds that are sourced directly from TMX Group's equities and derivatives markets.
By locating ACTIV's technology and hosted client servers in TMX Group's co-location facility, domestic and international traders subscribing to ACTIV’s Canadian data services will benefit from low latency access to Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal Exchange and Alpha Exchange.
In addition, customers can now leverage ACTIV's investment in two independent data centers that will service the region; the TMX co-location and ACTIV's existing proximity facility at Equinix Toronto will provide data redundancy for backup and recovery.
Frank Piasecki, president and co-founder of ACTIV Financial, said: "Canada is a key market for us, and when we began servicing the region in 2005, we were committed to providing a best of breed solution. We are delighted to be co-locating with TMX Group in order to further our commitment to local customers, as well as those needing Canadian data in other global regions."
“We are extremely pleased that ACTIV continues to invest in the Canadian market” said Jim Davies, Managing Partner at CFSI, ACTIV’s exclusive Canadian Agent. “ Co-location with TMX Group is another indication of ACTIV’s commitment to Canadian customers."
ACTIV’s developments in Toronto reflect the firm's broader initiative to upgrade ActivNet globally, by rolling out infrastructure in proximity to major worldwide financial centers. The firm launched three additional co-location facilities in the past 12 months, and has plans to open a second facility in London by mid-2014.