TMX Group achieves dramatic order speed performance improvement with new TSX
Quantum(TM) order entry gateway
Additional network upgrade and capacity expansion projects underway
The TSX Quantum Gateway was designed to support the dramatic increase in messaging rates and performance demands from the trading community. "Our company is very pleased with the impressive improvement in order-entry response times that we are experiencing on
TMX Group also announced that new technology initiatives are now underway that will strengthen its competitive position and expand the breadth of the products and solutions offered to clients. Internal networks are being upgraded to further increase throughput capability. In addition, the company is greatly expanding capacity to handle the ever-increasing number of messages; the first expansion phase, which is expected to be complete in Q1 2010, is designed to more than double capacity throughput.
"With the rapid pace of change in technology and the nature of trading on Canadian equity markets continuing to evolve, it is imperative that we make the investments necessary for the success of our business in the near and longer term," added Kevan Cowan, President TSX Markets and Group Head of Equities. "Our TSX Quantum enhancement projects reflect the company's ongoing commitment to continuously improve our trading technology to both serve existing clients better and attract new trading clients."
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.
For further information: Carolyn Quick, Director, Corporate Communications, TMX Group, (416) 947-4597, [email protected]
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