TMX Group Inc (X.TO) said on Wednesday that it had bought Atrium Network in a deal that will allow the operator of the Toronto Stock Exchange to fast-track plans to expand into new service areas. Atrium, a network solutions company that will be renamed Atrium TMX, has existing connectivity platforms that cover service areas in North America and Europe. "Atrium Network extends our connectivity solutions into Europe and expands our U.S. presence significantly ahead of schedule," Eric Sinclair, president of the company's TMX Datalinx information services division, said in a release. The combined network will offer 25 points of presence in 11 countries, 24 trading venues and 300 sources of data with room for expansion, TMX said.
TMX Group Inc. is an integrated, multi-asset class exchange group. Shares of X remained unchanged at $37.80. In the past year, the shares have traded as low as $37.80 and as high as $64.03. On average, 7851440 shares of X exchange hands on a given day and today's volume is recorded at 4100.
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