TMX Insights Announces Alliance with Velocity Trade for TMX Analytics
December 1, 2016 (TORONTO) – TMX Insights today announced a strategic alliance with Velocity Trade, a global provider of Equity and Foreign Exchange (FX) trading services. Velocity Trade will provide TMX Insights with FX data, and TMX Insights will deliver TMX Analytics tools that provide in-depth market FX and Equity data analytics to Velocity Trade's international customer base.
TMX Analytics is a new data analytics product that synthesizes vast quantities of trade-by-trade data, compiled to provide rich analysis that enhances transparency in FX markets, which enables clients to more efficiently assess trading strategies and meet their Best Execution needs.
"We are pleased to join forces with Velocity Trade as an important partner," said Eric Sinclair, President, TMX Market Insights and Group Head of Information Services, TMX Group. "Our TMX Insights team continues to explore and build dynamic solutions designed to address current market challenges and create competitive advantages for clients. TMX's alliance with Velocity Trade to deliver TMX Analytics to the client base of an established global trading services firm is a strong indication that we are on the right track."
"Velocity Trade welcomes the alliance with TMX Group. The TMX Analytics tools provide our clients with transparent and historical access to high quality FX and Equity insight on pricing comparatives. Through this alliance, clients can access unbiased tools to analyze the routing decisions made as it relates to their order flow, plus have the ability to measure the impact of the FX and Equity trading costs realized on cross border activities. In short, the TMX Analytics product is a dynamic, multi-asset Trade Cost Analysis tool that can measure trade implementation performance", said Simon Grayson, CEO of Velocity Trade. "Not only will our customers now be able to gain access to the Canadian, US and global data that is needed to identify opportunities in the international marketplace, they will be able to get it all from one source".
For more information visit www.tmxanalytics.com.
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
About Velocity Trade
Established in 2007, Velocity Trade is a global equity, foreign exchange and precious metals broker dealer and serves as a trusted trading partner to corporations and institutions around the globe. Velocity Trade has offices in Toronto, Montreal, London, Sydney, Auckland and Cape Town. The firm and its subsidiaries are regulated internationally by the UK's Financial Conduct Authority (FCA); Investment Industry Regulatory Organization of Canada (IIROC); Australian Securities and Investment Commission (ASIC), and South Africa's Financial Services Board (FSB), among others. Velocity Trade Capital and Velocity Trade Limited are participating members of the TMX and ASX respectively.
For more information please contact:
Catherine Kee
Manager, Corporate Communications
TMX Group
416-814-8834
catherine.kee@tmx.com
Simon Grayson
Chief Executive Officer
Velocity Trade
416-855-2800
info@velocitytrade.com