17 December 2017
visit www.aciworldwide.com

TMX Group implements Quantum order entry gateway

15 January 2010  |  3007 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)
visit www.ebaday.comvisit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10633 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10267 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7617 views comments | 10 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7331 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6750 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job