First phase of trading enterprise expansion delivers significant performance enhancements
TORONTO, April 12 /CNW/ - TMX Group announced today that it has successfully completed the first phase of its equity enterprise expansion project. The multi-phased initiative, which was first announced in October 2009, is designed to upgrade the infrastructure across our trading enterprise, providing decreased latency, increased throughput capability and enhanced performance.
"These ongoing investments in our trading technology demonstrate TMX Group's steadfast commitment to delivering leading-edge technology to our trading clients," said Kevan Cowan, President, TSX Markets and Group Head of Equities. "We offer clients the best trading environment in Canada, with market-leading latency, the deepest liquidity and the richest functionality."
The first phase involved the migration of the Toronto Stock Exchange and TSX Venture Exchange trading engines onto the new infrastructure. TMX Group's recently completed implementation of its order entry gateway made the average order response time five times faster. With this first phase complete, we have further cut latency in half.
"Clients are now experiencing record low latencies," said Brenda Hoffman, Senior Vice President and Chief Information Officer, TMX Group. "And as work progresses on the remaining phases, latency is expected to be reduced even further."
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 Toronto Stock Exchange
For further information: For further information: Carolyn Quick, Director, Corporate Communications, TMX Group, (416) 947-4597, firstname.lastname@example.org