Iress and TMX Group extend co-location service agreement
TORONTO, Sept. 29, 2011 /CNW/ - IRESS is pleased to announce the upcoming release of ION (IRESS Optical Network). In addition, IRESS has extended its co-location agreement with the TMX Group through to 2015.
The IRESS Optical Network (ION)
Designed to meet the increasing demands of Canadian and international trading, ION provides IRESS clients with an industry-leading, ultra low-latency, high-capacity, multi-market trading ecosystem that delivers IRESS' OMS IOS+, IRESS FIX+, consolidated market data and the IRESS Best Market Router (BMR).
ION utilizes industry leading 10 Gigabyte connectivity between all key data centres housing Canadian exchanges and dark pools, providing IRESS clients with the highest bandwidth access to Canadian market and trade data.
Fully managed, ION continues IRESS' on-going investment in developing high availability trading infrastructure that meets the highest standards for throughput, resiliency, and reliability. Continuously innovating, IRESS was the first Canadian vendor to operate dual hot sites with fully redundant systems, and the first vendor to co-locate with TMX Group in January of 2007.
Continuation of the TMX Group Co-location Agreement
IRESS is extending its co-location agreement with TMX Group supporting LAN connectivity to TMX Group's equity and derivative markets. Initiated in 2007, the co-location agreement has now been extended through 2015. IRESS clients can leverage this commitment to enhance and refine their trading strategies with the confidence that the underlying connectivity infrastructure will remain stable and available in the long-term.
"As the first trading system vendor in our co-location facility, IRESS clients were the first to benefit from the reduction in latencies and increased stability associated with co-location," said Eric Sinclair, President of TMX Datalinx and Group Head of Information Services. "We're pleased that IRESS continues to offer the advantages of TMX Group co-location to their clients through this extended agreement."
"IRESS has continuously sought ways to bring the highest quality and lowest latency connectivity to our clients," said Jim Davies, President and CEO of IRESS Canada. "The extension of our partnership agreement provides our clients with the benefits of long term, stable TMX co-location in addition to the industry leading network connectivity provided through ION."
IRESS is a leading supplier of sophisticated trading solutions for financial market participants in Canada and Internationally. Fully customizable, IRESS integrates equities and derivatives trading, automated order management, smart order routing, international market data and compliance monitoring. Designed for high performance environments, IRESS solutions are fully managed, provide low execution latencies and offer seamless access to specialized markets and strategy engines. Join Canada's leading financial institutions in utilizing the most dynamic, integrated trading application available today. Contact IRESS Sales at 416-907-9218 or firstname.lastname@example.org for additional information.
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IRESS Market Technology Canada LP