New Facility Provides Faster Access to Canadian Exchange Data
New York, Toronto — July 30, 2014 – 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.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 320,000 subscribers globally. The Bloomberg Professional service is a registered service mark of Bloomberg Finance LP.
ABOUT BLOOMBERG B-PIPE
Bloomberg B-PIPE is a normalized and consolidated real-time market data feed that can be distributed throughout the enterprise. It provides complete coverage of all the same asset classes that Bloomberg Professional service subscribers enjoy. Our real-time data content can be pulled into a wide variety of applications from Bloomberg and other providers, as well as a customer’s own proprietary and algorithmic applications.. For more information, please visit www.bloomberg.com/enterprise/data/real-time-data.
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