26 October 2016
Visit dh.com

TMX Group preps launch of Quantum XA trading engine

21 February 2014  |  1483 views  |  0 Source: TMX Group

TMX Group today announced that it has reached a major milestone in the phased launch of its new high performance trading engine, TMX Quantum XA.

Customers are now able to connect to the new trading platform in a test environment and participate in simulated order entry sessions in preparation for the migration of Toronto Stock Exchange symbols, planned for June 2014 .

The TMX Quantum XA platform was short listed for a 2013 American Financial Technology Award for "Most Cutting-Edge IT Initiative" after TMX Select successfully transitioned in August 2013 . The new platform is designed to enhance the quality of TMX markets with dramatically improved speed, latency variability and capacity. On the TMX Select market, this new generation of technology 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.

"Our technology team is very excited to begin testing TMX Quantum XA with our Toronto Stock Exchange customers as we move closer to full migration across our remaining equity markets," said Brenda Hoffman , Chief Information Officer, Group Head of Technology, TMX Group. "The TMX Quantum XA platform represents a step change in performance and efficiency in Canadian capital markets and sets a new cutting-edge standard for exchange technology."

"Our TMX Select clients are experiencing the considerable benefits of one of the world's leading trading engines and we are eager to similarly upgrade our service to participants of Canada's premier exchange," added Kevan Cowan , President, TSX Markets and Group Head of Equities, TMX Group. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
8789 views comments | 33 tweets | 38 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8649 views comments
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
7946 views comments | 26 tweets | 28 linkedin
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
7938 views comments | 12 tweets | 27 linkedin
The payments cake is growingThe payments cake is growing
7824 views comments | 6 tweets | 11 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job