TMX Group improves equity trading performance with second phase of enterprise expansion

TMX Group improves equity trading performance with second phase of enterprise expansion

15/11/2011

TMX Group announced today that it has successfully completed the second phase of its equity Enterprise Expansion project. This initiative was designed to provide customers with significantly improved trading technology and performance across the TSX Quantum® trading enterprise.

The second phase of the Enterprise Expansion project accommodates higher throughput and capacity at 40,000 order messages per second, doubling existing capabilities with the introduction of a second trading engine partition.

“These enhancements demonstrate TMX Group's commitment to providing our clients with the highest quality technology, performance, and quality of execution,” said Brenda Hoffman, Senior Vice President, Group Head of Information Technology.

Over the last several years, TMX Group has introduced a series of technology upgrades that have played a key role in attracting new investors to TMX Group markets, increasing liquidity and trading volumes, and improving market quality.

”The build out of the Enterprise Expansion initiative reinforces TMX Group's leading position as the primary liquidity pool in the Canadian marketplace,” said Kevan Cowan, President, TSX Markets and Group Head of Equities. “We expect that this performance upgrade will attract increased order flow to TMX Group exchanges, as well as to the Canadian market.”