TMX Group launches award-winning trading engine on Canada's public venture capital marketplace
TORONTO, Sept. 23, 2014 /CNW/ - TMX Group today announced the successful launch of its high performance equity trading engine, TMX Quantum XA™ on TSX Venture Exchange.
"Today marks another significant step forward for our technology team in serving Canada's equity markets," said Brenda Hoffman, Senior Vice President, Group Head of Information Technology, TMX Group. "Following implementation on TSX Venture Exchange, our leading-edge trading engine TMX Quantum XA is now in operation across the more than 4,000 symbols listed on our markets."
"The implementation of TMX Quantum XA delivered major performance improvements and continues to bring multiple benefits to our equities customers," added Kevan Cowan, President of TSX Markets and Group Head of Equities, TMX Group. "As we continue to work to attract additional sources of liquidity, we are proud to offer this enhanced level of service to customers trading on TSX Venture Exchange."
TMX Group's technology team has been recognized around the world for the innovative design and application of TMX Quantum XA. In addition to the Canadian Advanced Technology Alliance Innovation and Leadership Award achievement in May 2014, TMX Quantum XA has also recently been shortlisted as a finalist for two technology awards set for later this year; the Financial World Innovation Awards 2014, in the category of "Most Innovative Application of Technology", and the Information Technology Association of Canada's 2014 Ingenious Awards for "Excellence in the Use of Technology."
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, 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: Toronto Stock Exchange
For further information: Shane Quinn, Senior Manager, Communications and Public Affairs, TMX Group, 416-947-4609, email@example.com