Accelerate Canadian Market Entry: Institutional-Grade Equities Data via NY4

Expand to Canada in Days, Not Months

Expanding into Canadian equities traditionally imposes a high-friction “complexity tax” on U.S. firms. Coordinating multiple exchange connectivity points and managing the infrastructure surge often delays market entry by months.

As Canadian market volumes climb—catalyzed by high-growth listed ETFs—firms require a high-signal, cost-efficient architecture to power pricing, execution, and compliance.

Download the Canadian Equity Market Data Fact Sheet to discover how Exegy Axiom enables firms to expand into Canadian equities in days, not months.

The Challenge: Complexity and Rising Costs

For most institutional desks, the operational lift required to trade the TSX and secondary Canadian venues creates a significant barrier to entry:

• Slower Time-to-Market: Complex licensing and integration work delays live trading.
• Infrastructure Bloat: High costs associated with maintaining multiple direct exchange touchpoints. +2
• Data Engineering Burdens: The need to normalize disparate feeds for downstream analytics and execution.

The Solution: TMX IP Delivered by Exegy

Exegy provides a single, fully managed source for all Canadian equities marketplaces, delivered directly via an NY4 cross-connect. By consolidating access, firms avoid the friction of direct exchange connections and gain a smooth path from real-time streaming to historical backtesting.

What’s included in the Fact Sheet:

• Consolidated Data Feed (CDF): Access full L3 order books and trades for market signal enrichment and market-making.
• National Best Bid/Offer (CBBO): Essential data for routing and meeting best execution requirements.
• Consolidated Last Sale (CLS): A full market tape, including dark pools, designed for TCA and trading analytics.
• Historical EOD Files: Normalized files ready for backtesting and compliance workflows.

A Managed Path to Production

Exegy eliminates the administrative and technical bottlenecks of cross-border expansion. We manage the entire lifecycle, including coverage planning, licensing coordination, and technical onboarding.

Whether you are a sell-side broker enabling client trading or a buy-side fund seeking northern exposure, Axiom provides the scalable, high-performance infrastructure required to trade Canada with confidence.

Download the Fact Sheet today to assess your Canadian data readiness.