TORONTO, June 7 /CNW/ - Speaking at the Buyside Investment Management
Association (BIMA) Conference in Toronto, CEO Richard Nesbitt highlighted TSX
Group's technology initiatives - calling the upcoming changes part of the TSX
Quantum Revolution. Quantum is the name of the new trading and technology
platform that will begin rollout later this year.
Mr. Nesbitt said, "We've done the testing. It is, we believe, a world
leader. We are scheduling rollout later this year. Our lab testing last
December indicated that the new trading engine will allow clients to configure
their systems to achieve single digit millisecond round trips."
Speed and response time are critical factors in the success of a
marketplace. Mr. Nesbitt added, "TSX will be adding substantial performance
and capacity to the markets in the next year. We want to offer our customers
the opportunity to prepare for this as we look to the future. As we look to
the future, let me just remind everyone of the TSX Quantum lab results:
- Capacity tested to over 320 million messages an hour or roughly
two billion messages per trading day and that is scaleable on a
- Throughput tested to 100,000 message per second, also scaleable;
- Order matching in microseconds - that's in millionths of seconds, not
- Capability of full system fail-over in seconds with no lost messages.
It is numbers like these that will drive the revolution in our industry -
the Quantum Revolution. So I ask market participants, are you ready to join
the TSX Quantum revolution?"
A copy of Mr. Nesbitt's remarks is available at tsx.com.
About TSX Group Inc. (TSX-X)
TSX Group operates Canada's two national stock exchanges, Toronto Stock
Exchange serving the senior equity market and TSX Venture Exchange serving the
public venture equity market, Natural Gas Exchange (NGX), a leading North
American exchange for the trading and clearing of natural gas and electricity
contracts and Shorcan Brokers Limited, the country's first fixed income
inter-dealer broker. TSX are the initials attached to the core equity
operations of TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture
Exchange, TSX Markets, TSX Datalinx, and TSX Technologies. TSX Group is
headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary
For further information:
For further information: Steve Kee, Director, Media & Marketing, TSX
Group Inc., Toronto Office, (416) 947-4682, Toll Free 1-888-873-8392, Cellular
(416) 358-3714, Vancouver Office, (604) 602-6902, Calgary Office, (403)