TMX Group today announced the successful implementation of its new high performance trading engine, TMX Quantum XA, on TMX Select.
The final group of symbols commenced trading on the new technology at the opening of the market yesterday, completing the phased migration.
"The implementation of TMX Quantum XA on TMX Select sets a new standard for exchange technology," said Brenda Hoffman, Chief Information Officer, Group Head of Technology, TMX Group. "TMX Select customers now have one of the world's most effective trading engines, with dramatically improved speed, latency variability and capacity."
TMX Select was the first TMX equity marketplace to shift to the TMX Quantum XA platform. The migration of Toronto Stock Exchange, TSX Venture Exchange and Alpha onto TMX Quantum XA is planned to begin mid-2014.
"The launch on TMX Select underlines our commitment to enhancing the quality of trading on our equity markets," added Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group. "We are very excited to introduce a robust new platform specifically designed to improve the security, efficiency and quality of trade execution for our diverse customer groups."