TMX Group, based in Toronto, announced that TMX Datalinx, its information services division, has expanded its ultra low latency network, TMXnet North America (NA), between Toronto, New York and Chicago.

Following this expansion, the network capacity has been increased to 10Gb and return trip latency reduced to the 10 millisecond range, company officials said.

TMXnet NA delivers TMX and other Canadian capital markets data to clients in New York and Chicago. It also delivers U.S. financial data to clients in TMX’s colocation facility and the Toronto core.

TMX Group’s key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy.

“TMXnet NA is a high capacity, low latency network between Toronto and two key U.S. financial centers, which was implemented to enhance the efficiency of trading in Canadian and North American markets,” said Eric Sinclair, president, TMX Datalinx and Group Head of Information Services, in a statement. “With TMXnet NA, we are able to meet our clients’ needs for increased choice in direct feed solutions and order flow connectivity.”

TMXnet NA will also be used to offer dedicated telecommunications links for TMX Group’s colocation clients, company officials said.

In April, TMX Datalinx and QuoteMedia announced the launch of TMX PowerStream, a real-time streaming market data application that offers real-time browser-based desktop and wireless access to North American markets.

TMX Powerstream is offered in three different service level packages – TMX PowerStream, TMX PowerStream Advanced and TMX PowerStream Premium – that deliver targeted solutions for a range of users' needs, company officials said.

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