TMX Group's purchase extends reach to U.S., Europe

TMX Group Inc., Canada's leading operator of exchanges and related services, today announced that it has acquired Atrium Network, a leading provider of high availability, cost effective, low latency network solutions in Europe and North America. Atrium Network, which will be rebranded TMX Atrium, will operate as a unit of TMX Datalinx™, TMX Group's information services division.

Both Atrium Network and TMX Datalinx provide capital markets data and connectivity solutions to the global financial services community. Atrium Network's existing North American, European and trans-Atlantic connectivity platform covers the service areas that TMX Datalinx planned to build out with its TMXnet™ network. In early 2011, TMX Datalinx introduced TMXnet, and in June 2011, the TMXnet network was expanded into key U.S. financial centres.

"Atrium Network extends our connectivity solutions into Europe and expands our U.S. presence significantly ahead of schedule," said Eric Sinclair, President, TMX Datalinx and Group Head of Information Services. "We are very excited about the opportunity TMX Atrium presents. Our combined network will offer 25 points of presence in 11 countries, 24 trading venues and 300 data sources with plans to expand in the future where our clients need us."

The combined connectivity and access points offer even greater value to current TMX Datalinx clients while increasing opportunities to offer capital markets connectivity solutions to a much broader audience. Atrium Network clients will benefit from TMX Datalinx's global content strategy as well as its plans to provide access to all key marketplaces. The acquisition also enables the company to add additional content from market centres in Europe and North America.

"This is an important development for our companies and for our respective clients," added Emmanuel Carjat, Chief Executive Officer of Atrium Network. "The complementary capabilities offered by Atrium Network and TMX Datalinx will enable our current and future clients to benefit significantly from additional data content and from enhanced access to trading solutions. TMX Atrium will continue to provide a neutral platform to facilitate communication within the global financial markets."

The global connectivity footprint that Atrium Network offers will also provide a new channel for order flow into Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange.

The terms of the agreement are not material. Atrium Network employs 21 people, most of whom are based in London.

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