Interactive Data 7Ticks Expands in Canada

The market data provider added a Point-of-Presence at the Q9 data center in the Toronto area, to meet customer demand for connectivity to new exchanges and alternative trading systems in the region.

Interactive Data Corporation has expanded the connectivity of the firm’s 7ticks network in Canada to include a point of presence (POP) at a Q9 data center in the Toronto area.

The company’s expansion of 7ticks’ connectivity in Canada reflects the growth of the financial industry there and the ongoing introduction of exchanges and alternative trading systems, it said in today’s release. Clients are seeking services that offer greater connectivity to facilitate faster execution times and support their trading strategies, the company added.

The addition of the Q9 data center POP means that clients can now obtain market data from additional Canadian exchanges and alternative trading systems in the region, and set up order routing capabilities at this location. The Interactive Clients in Canada now have direct market access to more than 50 global markets via the Interactive Data 7ticks network. The Interactive Data 7ticks network also offers connectivity to the Toronto Stock Exchange ( via its existing POP in Markham, Ontario).

"Our increased presence via the Q9 data center POP in Toronto enables financial institutions to obtain ultra-low latency global access and support while reducing total cost of ownership -- all through a single service provider," said Emmanuel Doe, president, Trading Solutions Group for Interactive Data in today’s release. "As the worldwide financial marketplace grows, we continue to expand our offerings globally for firms engaged in electronic trading."

7ticks supports a wide range of global futures and options, equities and FX exchanges, and trading venues for multi-asset class and ultra-low latency trading.

Clients utilizing the Interactive Data 7ticks network also have access to PlusFeed, Interactive Data's low-latency, consolidated global data feed, pulling from more than 450 sources worldwide, and covering more than 140 exchanges, including multi-asset class instrument coverage and extensive Level 2 data.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio