Additional network upgrade and capacity expansion projects underway
TORONTO, Jan. 14 /CNW/ - TMX Group announced today that it has successfully completed the implementation of its new TSX Quantum Order Entry Gateway. "The average order response time is now five times faster because of the new gateway and other coordinated engine enhancements," said Brenda Hoffman, Senior Vice President and Chief Information Officer, TMX Group. "The TMX Technology and Markets teams are proud of the very significant performance improvements we have provided to our equity trading clients."
The TSX Quantum Gateway was designed to support the dramatic increase in messaging rates and performance demands from the trading community. "Our company is very pleased with the impressive improvement in order-entry response times that we are experiencing on Toronto Stock Exchange and TSX Venture Exchange using the new gateway," said Sergei Tchetvertnykh, Infinium Group.
TMX Group also announced that new technology initiatives are now underway that will strengthen its competitive position and expand the breadth of the products and solutions offered to clients. Internal networks are being upgraded to further increase throughput capability. In addition, the company is greatly expanding capacity to handle the ever-increasing number of messages; the first expansion phase, which is expected to be complete in Q1 2010, is designed to more than double capacity throughput.
"With the rapid pace of change in technology and the nature of trading on Canadian equity markets continuing to evolve, it is imperative that we make the investments necessary for the success of our business in the near and longer term," added Kevan Cowan, President TSX Markets and Group Head of Equities. "Our TSX Quantum enhancement projects reflect the company's ongoing commitment to continuously improve our trading technology to both serve existing clients better and attract new trading clients."
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. For more information about TMX Group, visit our website at www.tmx.com.
SOURCE TSX Group Inc.
For further information: For further information: Carolyn Quick, Director, Corporate Communications, TMX Group, (416) 947-4597, email@example.com