TMX Datalinx Launches Partnership with IRESS, Integrating TCA App

The partnership looks to integrate the TCA application and TMX Insights' product suite.

TMX Insights, an integrated set of capabilities providing financial content, tools and applications across capital markets analytics and flagship components of TMX Datalinx, has launched a strategic partnership with IRESS, looking to strengthen the group’s product suite and TMX Analytics’ Transaction Cost Analysis (TCA) application.

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IRESS is a supplier of technology for wealth management and financial markets – the new partnership will look to integrate IRESS’ products and the TMX Analytics (TCA) application. TCA caters to clients looking to reconcile regulatory and risk management needs.

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The new partnership will help clients’ trade and order history capabilities, whilst enabling them to review performance, routing, and venue quality in intuitive. Additionally, the application supports the upcoming MiFID II regulation and analysis of interlisted trading data for equities also listed on international venues.

According to John Willock, Director, TMX Datalinx, in a statement on the collaboration: “We are pleased to work with IRESS to provide our customers with a better user experience which will allow for seamless compatibility between the TMX Analytics TCA and IRESS products. TMX Insights continues to work together with our clients and partners in pursuit of unique products and solutions designed to effectively inform trading strategies and create competitive advantages.”

“This collaboration between industry leading technologies benefits IRESS clients by further enriching the solutions available to analyze routing decisions and execution performance. We are delighted to partner with TMX Group on this initiative to maximize our customers’ ability to tackle evolving and increasingly complex challenges in today’s trading environment,” explained Ricardo DaCosta, VP of Market Structure and Solutions at IRESS, in an accompanying statement.

TMX recently made headlines after releasing its Q1 2017 operating metrics – the group’s revenues managed to climb 5.0 percent year-over-year to $186.1 million from $177.7 million in Q1 2016. Moreover, net income attributable to shareholders was also on the rise, albeit by a slight move to $47.3 million in Q1 2017 from $46.3 million in Q1 2016, or 2.0 percent year-over-year.

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