TMX Group Derivative Trading Platform Goes Live on Borsa Italiana's
derivatives market, IDEM

TORONTO, Nov. 10 /CNW/ - TMX Group today announced that Borsa Italiana's derivatives market, IDEM has successfully migrated to the TMX SOLA^® trading system, which was developed by Montréal Exchange, TMX Group's derivatives exchange.  All listed equity derivatives on IDEM are now being traded on the new platform. 

Brenda Hoffman, Chief Information Officer and Group Head of Information Technology for TMX Group said: "We are extremely pleased that IDEM has successfully migrated to SOLA and can now offer its customers enhanced speed and efficiency."

The SOLA technology combines attributes such as enhanced performance and capacity as well as highly valuable functionality that will provide opportunities for the development of new products to serve the local marketplace.  In this implementation, SOLA has an average latency of less than 1 millisecond and can process more than 200,000 quotes per second.

Alain Miquelon, President and CEO of Montréal Exchange added:  "This migration demonstrates the successful partnership TMX Group has put in place with the London Stock Exchange Group.  SOLA technology is now being used in markets across Europe, including EDX London, which trades Scandinavian and Russian derivatives products, and Oslo Bors." 

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, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver.  For more information about TMX Group, visit our website at www.tmx.com.

For further information:

Carolyn Quick
Director, Corporate Communications
TMX Group
416-947-4597
[email protected]