Bloomberg Unveils New Ticker Plant for Toronto’s Institutional Market

The new facility collects market data for Canadian equities, options and futures from regional exchanges.

Bloomberg announced a new ticker plant ii live and operational in the Toronto Markham data center and it is “giving financial institutions faster access to real-time market data from Canadian exchanges,” according to a press statement. The plant retrieves data from local exchanges including Toronto Exchange (TSX), Montreal Exchange and Chi-X.

The data is consolidated and delivered to Bloombergs market data customers at a rate 71 percent faster than previously available, according to company claims.

Our real-time feed business is growing based on strong demand for better data quality and consistency across the board, said Tony McManus, Bloombergs 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, Bloombergs 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 Torontos benchmark equity index – the S&P/TSX Composite Index – ranks first among the worlds 10 largest equity indexes over the past year after accounting for volatility.

This is not Bloombergs first foray into Canadian markets: its presence 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 claims to be the largest international news organization in Canada’s capital, Ottawa.