Hardware acceleration technology to provide ultra-low latency trading
TORONTO, Feb. 1, 2012 /CNW/ - TMX Group Inc. today announced that it is
advancing its technology roadmap with the planned production
implementation of the company's next generation equity trading
technology, which is based on hardware acceleration. Hardware
acceleration is a general term that refers to the off-loading of
processing work from server CPUs onto specialized hardware.
The next generation trading technology, which is called TMX Quantum XATM, will provide TMX Group equity trading participants with dramatically
enhanced speed and capacity as well as more efficient order processing.
It is expected that there will be a twenty-fold reduction in median
latency to sub-100 microseconds on order executions. The new trading
system is designed to be capable of handling 200,000 orders per
second. To augment these new capabilities, 10 Gb communication access
will be made available for the first time to Toronto Stock Exchange,
TSX Venture Exchange and TMX Select customers.
TMX Quantum XA is the product of two years of research and development
(R&D). The R&D phase included the development of a fully-functioning
prototype that encompasses the complete functionality of the current
Toronto Stock Exchange, TSX Venture Exchange and TMX Select
"We are very excited about the results of our prototype and about the
significant benefits that TMX Quantum XA will provide," said Brenda
Hoffman, Chief Information Officer, Group Head of Technology, TMX
"TMX Group is providing cutting-edge service to our trading customers
with TMX Quantum XA," added Kevan Cowan, President, TSX Markets and
Group Head of Equities, TMX Group. "We are confident that this leap
forward in our equity trading technology will help our customers
succeed in the rapidly-evolving global marketplace."
TMX Quantum XA will initially be implemented on TMX Select in Q1 2013.
Implementation on Toronto Stock Exchange and TSX Venture Exchange will
follow, beginning at the end of 2013. The company expects to incur
incremental annual operating expenses of approximately $4 million to
support this initiative.
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, TMX Select, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy,
Equicom and other TMX Group companies provide listing markets, trading
markets, clearing facilities, 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 (Houston, Boston and Chicago) as well as in London and
Beijing. 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.
For further information:
Director, Corporate Communications