Source: Bloomberg
Bloomberg today announced a new ticker plant in the Toronto Markham data center, giving financial institutions faster access to real-time market data from Canadian exchanges. The plant, which is currently live and operational, retrieves data from all local exchanges including Toronto Exchange (TSX), Montreal Exchange and Chi-X. The data is consolidated and delivered to Bloomberg’s market data customers at a rate 71 percent faster than previously available.
“Our real-time feed business is growing based on strong demand for better data quality and consistency across the board,” said Tony McManus, Bloomberg’s Head of Real-Time Market Data Technologies. “Canada is a strategic market for Bloomberg, and the ticker plant is one of our many initiatives to continue to improve trading efficiencies for our global market data customers.”
Bloomberg’s new ticker plant facility collects market data for Canadian equities, options and futures from regional exchanges, “normalizes” it and delivers it via B-PIPE, Bloomberg’s consolidated real-time market data feed. B-PIPE data can feed a variety of desktop and server-based applications from Bloomberg and other technology providers, as well as a customer’s own proprietary and algorithmic applications.
“Fast and reliable access to all the major trading venues in Canada is critical for a trading operation of our size and global reach,” said Rich Weston, Director, Global Head of Market Data at BMO Financial Group. “This investment in the Canadian market will lead to greater choice and flexibility in how we ingest local data into our automated systems and desktop applications.”
Bloomberg is investing in connectivity to regional exchanges as Canadian capital markets grow. Analysis from Bloomberg reports that Toronto’s benchmark equity index – the S&P/TSX Composite Index – ranks first among the world’s 10 largest equity indexes over the past year after accounting for volatility.
Bloomberg’s presence in Canada dates back to 1985 when it delivered its first Bloomberg Professional service desktop in the country. The Bloomberg News staff in Canada has grown by 50 percent in the past year, and Bloomberg is now the largest international news organization in Canada’s capital, Ottawa.
The Regional Municipality of York is located in the heart of the Greater Toronto Area and is home to 1.1 million residents and 42,000 business establishments, making it one of Canada’s largest municipalities and the second largest business centre in the Province of Ontario.
Comprised of nine local municipalities, York Region is a premier business location in Canada. The Region is home to operations of 14 Fortune 100 companies, four of Canada’s top 10 corporate R&D investors, Canada’s second largest Information & Communications Technology (ICT) cluster and global industry leaders in Life Sciences, CleanTech, Financial Services and Advanced Manufacturing.
As Canada’s fastest growing large municipality, York Region has one of the most educated and diverse workforces in North America, the lowest commercial property taxes in greater Toronto and an exceptional quality of life attracting top global talent.
York Region’s local municipalities include the City of Markham, the City of Vaughan, the Town of Richmond Hill, the Town of Newmarket, the Town of Aurora, the Town of Whitchurch-Stouffville, the Town of East Gwillimbury, the Town of Georgina and the Township of King.