Update on planned launch of next generation equity trading technology
TORONTO, April 29, 2013 /CNW/ - TMX Group today announced the successful
migration of Alpha to TMX Group's proprietary trading engine, TMX Quantum. As
part of TMX Group's overall integration plan, Alpha now operates on the same
platform as Toronto Stock Exchange, TSX Venture Exchange and TMX Select.
"We continue to work to enhance the value of trading on our equity markets
with the incorporation of Alpha into our diverse suite of products," says
Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group.
"Shifting Alpha's trading system from external providers to TMX Group
technology and data centres provides customers with operational and service
efficiencies. This move also represents an important step in the integration
of TMX Group following the Maple acquisition."
As a result of the migration of Alpha to TMX Quantum and the overall
integration of Alpha with TMX, certain changes have been made to Alpha's
Trading Policies and the Alpha Trading Fee Schedule, effective April 29, 2013.
These documents may be accessed through
TMX Quantum XA™ Update
TMX Group today also provided an update on the performance testing and planned
launch of its next generation equity trading technology, TMX Quantum XA.
TMX Quantum XA is based on hardware acceleration technology and designed to
provide TMX Group equity trading customers with dramatically enhanced speed
and capacity as well as more efficient order processing. Testing in the
production environment achieved a twenty-fold reduction in median latency
(measured at the network edge) to sub-100 microseconds on order executions.
"We are very proud of the successes achieved in testing as we move into the
final stages of preparation for TMX Quantum XA implementation," said Brenda
Hoffman, Chief Information Officer, Group Head of Technology, TMX Group. "Our
equity trading clients will benefit significantly from the performance
enhancements and broadened functionality"
TMX Select will be the first TMX equity marketplace to migrate to TMX Quantum
XA. Symbols on TMX Select will be migrated onto TMX Quantum XA over three
phases commencing Monday July 29, 2013. The migration of Toronto Stock
Exchange, TSX Venture Exchange and Alpha onto TMX Quantum XA is scheduled to
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, BOX Options Exchange,
Shorcan, Shorcan Energy Brokers, 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.
Shane Quinn Manager, Communications and Public Affairs TMX Group
SOURCE: TSX Group Inc.
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-0- Apr/29/2013 14:11 GMT
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