The new technology is expected to provide TMX Group equity trading participants with improved speed and capacity as well as efficient order processing.
TMX Group expects that there will be a twenty-fold reduction in median latency to sub-100 microseconds on order executions.
The new trading system is designed to be capable of handling 200,000 orders per second.
TMX Group president of TSX Markets and group head of equities Kevan Cowan said that the company is providing cutting-edge service to their trading customers with TMX Quantum XA. We are confident that this leap forward in our equity trading technology will help our customers succeed in the rapidly-evolving global marketplace.
TMX Quantum XA will initially be implemented on TMX Select in the first quarter of 2013.
