Multi-asset trading infrastructure provider, Object Trading, today announced the expansion of its Direct Market Access (DMA) Service Platform, after its fully managed services were made available at TMX Group’s co-location centre which provides access to the Montreal Exchange (MX), as per a company announcement.
The managed service is available to both buy-side and sell-side market participants and was described as being launched in response to the retrenchment that sell-side participants are experiencing as exchange volumes increase, and thus offering a means for them to access or create liquidity where such opportunities arise.
Dan Hubscher, Object Trading’s Director of Strategy, added regarding the news: “Our conformed broker community has its execution, clearing, and risk management infrastructure in place, and its related client onboarding processes active, on the Object Trading platform.”
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The addition of TMX Group’s co-location facility brings the total number of that Object Trading’s clients have access to – on a production level – to seven, and with over 60 markets connected without the need for maintenance or additional software or hardware trading infrastructure.
Object Trading’s DMA platform also provides buy-side firms with the ability to provide their own market access independent of their prime service relationships, and allows the flexibility for buy-sides to provide their own market access, independent of their prime service relationships while choosing tailored solutions available from providers.