Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced it has completed its all-cash acquisition of TMX Atrium, a global extranet and wireless information services business, from TMX Group. The transaction was announced in February and the terms of the agreement were not disclosed. The financial impact of the transaction will be immaterial and was included in ICEs financial guidance for 2017.
Lynn Martin, President and COO of ICE Data Services said, Were excited about the addition of Atrium to the portfolio of services offered through ICE Data Services. As part of SFTI, Atrium will expand our global offering and will add the lowest-latency connection betweenTorontoandNew York, a key hub for North American market participants. We look forward to working with customers and offering access to market information using low-latency, highly resilient connectivity from trading venues around the world.
Atrium provides low-latency access to markets and market data across 12 countries, more than 30 major trading venues, and ultra-low latency wireless connectivity to access markets and market data in theToronto,New YorkandChicagometro areas. With the completion of this acquisition, Atrium will be integrated with the Secure Financial Transaction Infrastructure (SFTI), a highly resilient private network offering comprehensive solutions. SFTI is part ofICE Data ServicesConnectivity service, which offers a range of highly secure, low-latency network options, global co-location, the SFTI Direct Market Access network of over 150 venues, and 600 market data and news feeds providing market information. In addition, it provides access to 450 normalized real-time market data feeds through theICE Consolidated Feed.
Atriums ultra-low latency wireless service will be offered alongside SFTI Wireless, provided by Anova Technologies, which offers one of the fastest access to markets and market data between ICEsMahwahdata center and other co-location facilities inCarteretandSecaucus, New Jersey.
