Object Trading adds DMA Service Platform to TMX Group’s Co-Location Centre

Object Trading's DMA platform gets colocated to Montreal Exchange via TMX Group.

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.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

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.”

Suggested articles

Bitcoin vs. Gold: Which is a Better Buy this Fall?Go to article >>

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.


Got a news tip? Let Us Know