North American infrastructure improvements are very much on TMX Atrium’s agenda amid technology firms’ competition alongside each other in the world’s most technologically advanced region in terms of infrastructure.
Despite the ongoing American expansion by a number of technology and network providers of network performance into Europe, this particular Canadian firm today announced that it is aware not to drop the baton on home soil in North America, and has completed an upgrade to its North American infrastructure.
In this case, whereas the firm is just beginning to concentrate on its proposed investment in implementing Points of Presence (PoPs) in Europe, this infrastructure already exists and is in operation in North America, and required an upgrade to meet increasing demand for such systems by institutional firms.
PoPs in financial infrastructure are access points to internet-based networks. In general terms, a PoP is a physical location that houses servers, routers, network switches and digital/analog call aggregators. Such technology made its foray into the world of electronic trading about 7 years ago in North America.
The upgrade of the existing PoP network has been implemented across Chicago, New Jersey, New York and Toronto. This network ensures TMX Atrium delivers superior access to the major liquidity centers in each region.
TMX Atrium’s recently upgraded 10-gigabits-per-second platform offers clients the flexibility to support growing market data volumes across North America and offers back-up paths in response to the regulatory drive for diverse connectivity into and out of key liquidity centers, in which TMX Atrium supports access to more than 30 trading venues.
Emmanuel Carjat, Managing Director of TMX Atrium explained, “Our client base is located in multiple locations, so it’s critical that we provide access to all markets and from all locations on an industry leading platform. We need to support venue migrations across North America and Europe and at the same time offer optimum trading choice.”
Although the firm does propose to expand PoP infrastructure implementation between other destinations, a subject that Forex Magnates will report on in the coming days, such projects are in their infancy, and bearing in mind that European infrastructure is still behind that of North America, it certainly appears that institutional firms and traders alike across the European continent are heading toward American software firms to make use of their high speed networks, and as a result the firms are continually engaged in expanding their European reach.
It will be of interest to measure the speed of such developments when Volta’s new datacenter in the City of London goes live later this year.