Update on planned launch of next generation equity trading technology
TORONTO, April 29, 2013 /CNW/ - TMX Group today announced the successful
migration of Alpha to TMX Group's proprietary trading engine, TMX
Quantum. As part of TMX Group's overall integration plan, Alpha now
operates on the same platform as Toronto Stock Exchange, TSX Venture
Exchange and TMX Select.
"We continue to work to enhance the value of trading on our equity
markets with the incorporation of Alpha into our diverse suite of
products," says Kevan Cowan, President, TSX Markets and Group Head of
Equities, TMX Group. "Shifting Alpha's trading system from external
providers to TMX Group technology and data centres provides customers
with operational and service efficiencies. This move also represents an
important step in the integration of TMX Group following the Maple
acquisition."
As a result of the migration of Alpha to TMX Quantum and the overall
integration of Alpha with TMX, certain changes have been made to
Alpha's Trading Policies and the Alpha Trading Fee Schedule, effective
April 29, 2013. These documents may be accessed through http://www.alphatradingsystems.ca/en/TradingAgreements
TMX Quantum XA™ Update
TMX Group today also provided an update on the performance testing and
planned launch of its next generation equity trading technology, TMX
Quantum XA.
TMX Quantum XA is based on hardware acceleration technology and designed
to provide TMX Group equity trading customers with dramatically
enhanced speed and capacity as well as more efficient order processing.
Testing in the production environment achieved a twenty-fold reduction
in median latency (measured at the network edge) to sub-100
microseconds on order executions.
"We are very proud of the successes achieved in testing as we move into
the final stages of preparation for TMX Quantum XA implementation,"
said Brenda Hoffman, Chief Information Officer, Group Head of
Technology, TMX Group. "Our equity trading clients will benefit
significantly from the performance enhancements and broadened
functionality"
TMX Select will be the first TMX equity marketplace to migrate to TMX Quantum XA. Symbols on TMX Select will be migrated onto TMX Quantum XA over three
phases commencing Monday July 29, 2013. The migration of Toronto Stock
Exchange, TSX Venture Exchange and Alpha onto TMX Quantum XA is
scheduled to begin mid-2014.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers,
Equicom and other TMX Group companies provide listing markets, trading
markets, clearing facilities, data products and other services to the
global financial community. TMX Group is headquartered in Toronto and
operates offices across Canada (Montreal, Calgary and Vancouver), in
key U.S. markets (Houston, Boston and Chicago) as well as in London and
Beijing. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TSX Group Inc.
