TMX Broadcast Centre's display board in Toronto on Monday May 16, 2011.Frank Gunn/THE CANADIAN PRESS
The TMX Group Inc. announced Wednesday that it has acquired Atrium Network, a provider of capital markets data in Europe and North America.
The value of the transaction was not disclosed, but the TMX Group, operator of Canada's leading stock exchanges, described it as "not material."
Both Atrium Network, which is being rebranded as TMX Atrium, and TMX Datalinx provide capital markets data and connectivity solutions to the global financial services community. Most of Atrium's 21 employees are based in London.
Atrium Network's existing North American, European and transatlantic connectivity platform covers the service areas that TMX Datalinx planned to build out with its own TMXnet network.
"Atrium Network extends our connectivity solutions into Europe and expands our U.S. presence significantly ahead of schedule," Eric Sinclair, president, TMX Datalinx and Group Head of Information Services, said in a release.
"We are very excited about the opportunity TMX Atrium presents. Our combined network will offer 25 points of presence in 11 countries, 24 trading venues and 300 data sources with plans to expand in the future where our clients need us."
TMX Group said the combined connectivity and access points offer even greater value to current TMX Datalinx clients while increasing opportunities to offer capital markets connectivity solutions to a much broader audience.
Atrium Network clients will benefit from TMX Datalinx's global content strategy as well as its plans to provide access to all key marketplaces. The acquisition also enables the company to add additional content from market centres in Europe and North America.