TORONTO, Feb. 20, 2014 /CNW/ - TMX Group today announced that it has
reached a major milestone in the phased launch of its new high
performance trading engine, TMX Quantum XA™. Customers are now able to
connect to the new trading platform in a test environment and
participate in simulated order entry sessions in preparation for the
migration of Toronto Stock Exchange symbols, planned for June 2014.
The TMX Quantum XA platform was short listed for a 2013 American
Financial Technology Award for "Most Cutting-Edge IT Initiative" after
TMX Select successfully transitioned in August 2013. The new platform
is designed to enhance the quality of TMX markets with dramatically
improved speed, latency variability and capacity. On the TMX Select
market, this new generation of technology achieves a median latency of
26 microseconds and a 99th percentile latency of 38 microseconds across
the full production day, measured at the network edge.
"Our technology team is very excited to begin testing TMX Quantum XA
with our Toronto Stock Exchange customers as we move closer to full
migration across our remaining equity markets," said Brenda Hoffman,
Chief Information Officer, Group Head of Technology, TMX Group. "The
TMX Quantum XA platform represents a step change in performance and
efficiency in Canadian capital markets and sets a new cutting-edge
standard for exchange technology."
"Our TMX Select clients are experiencing the considerable benefits of
one of the world's leading trading engines and we are eager to
similarly upgrade our service to participants of Canada's premier
exchange," added Kevan Cowan, President, TSX Markets and Group Head of
Equities, TMX Group.
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, TMX
Select, Alpha Group, The Canadian Depository for Securities, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers,
Equicom 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 (Montreal,
Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston
and Chicago) as well as in London, Beijing and Sydney. For more
information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TMX Group Inc.
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