TORONTO, May 22, 2014 /CNW/ - TMX Group is proud to announce that its new high performance equity trading engine, TMX Quantum XA™ received the "Sprott School of Business at Carleton University Outstanding Product Achievement Award" at the 29th Annual CATAAlliance Innovation and Leadership Awards last night in Ottawa. The award recognizes a Canadian organization for outstanding achievement in technology engineering and the development of a world-class product which enhances Canada's international reputation for innovation and excellence.
The TMX Quantum XA platform is designed to improve the quality and efficiency of our markets with dramatically improved speed, latency variability and capacity. Currently in operation on the TMX Select market, the next generation engine 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.
Customers have been connected to the new platform and participating in simulated sessions in a test environment since February 2014 in preparation for the migration of Toronto Stock Exchange symbols, planned for June 2014.
"Our new TMX Quantum XA platform is the result of more than two years of hard work by our technology team, and we are honoured to win this award," said Brenda Hoffman, Chief Information Officer, Group Head of Technology, TMX Group. "This project has brought us to the leading edge of our industry and we are very excited to bring our advanced exchange technology and service to TSX participants next month."
The CATAAlliance Innovation and Leadership Awards are the most prestigious annual awards conferred on individuals and corporations by Canada's advanced technology community. Finalists for the award were chosen from over 100 submissions and winners were determined by voting from CATAAlliance membership.
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, NGX, Boston 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.
For further information: Shane Quinn, Senior Manager, Communications and Public Affairs, TMX Group, 416-947-4609, [email protected]