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The TMX broadcast centre in Toronto.
The TMX broadcast centre in Toronto.
(FERNANDO MORALES/THE GLOBE AND MAIL)

Bay Street eyes high-speed trading link to New York

Amid a burgeoning debate about using faster data connections to give some stock traders an advantage, there are growing expectations that a high-speed microwave network may soon link markets in Toronto and New York and that TMX Group Inc. may be the operator.

Brokerage firm ITG Canada has predicted that someone will build a chain of microwave towers between Toronto and the New Jersey market-data hubs for U.S. exchanges.