TMX Datalinx Launches Partnership with IRESS, Integrating TCA App

TMX Insights, an integrated set of capabilities providing financial content, tools and applications across capital markets Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term 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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term needs.

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.