ICE to buy TMX Atrium

Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of data and listings services, is to buy TMX Atrium, a global extranet and wireless services business from TMX Group.

Terms of the agreement were not disclosed, and the transaction is expected to close within 90 days, subject to regulatory approvals. ICE says the financial impact of the transaction will be immaterial and was included in ICE’s financial guidance for 2017.

TMX Atrium provides low latency connectivity across 12 countries, more than 30 major trading venues, and ultra-low latency wireless connectivity between the Toronto, New York and Chicago metro areas. It will become part of ICE Data Services and will be integrated with the Secure Financial Transaction Infrastructure (SFTI).

In addition, the service will be offered alongside SFTI Wireless, provided by Anova Technologies, which offers the fastest connectivity between ICE’s Mahwah data center and other co-location facilities in Carteret and Secaucus, New Jersey.