Source: Toronto Stock Exchange
TSX Group Inc. announced that the Financial Information eXchange (FIX) gateway is in production and the testing and certification process for Participating Organizations has begun.
"We see this as an important step in the evolution of trading on Toronto Stock Exchange," said Robert Fotheringham, Vice-President of Trading, TSX Group.
The FIX gateway will allow customers to route orders to the TSX using the global connectivity standard and is the latest initiative resulting from TSX Group's trading strategy. The strategy includes offering best-in-class technology solutions, innovative new product initiatives and a competitive pricing model that encourages increased trading and order flow.
Overall market activity has continued to increase with volumes traded on Toronto Stock Exchange up 32% and transactions up 66% in Q1, 2006 as compared with Q1, 2005.