21 August 2017
visit www.avoka.com

TMX Group implements Quantum order entry gateway

15 January 2010  |  2984 views  |  0 Source: TMX Group

TMX Group announced today that it has successfully completed the implementation of its new TSX Quantum Order Entry Gateway.

"The average order response time is now five times faster because of the new gateway and other coordinated engine enhancements," said Brenda Hoffman, Senior Vice President and Chief Information Officer, TMX Group. "The TMX Technology and Markets teams are proud of the very significant performance improvements we have provided to our equity trading clients."

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 Toronto Stock Exchange and TSX Venture Exchange using the new gateway," said Sergei Tchetvertnykh, Infinium Group.

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."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10221 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8558 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8306 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8229 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7512 views comments | 15 tweets | 14 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job