TMX Group has successfully completed the implementation of its new TSX Quantum Order Entry Gateway, the stock exchange operator said Thursday.
“The average order response time is now five times faster because of the new gateway and other coordinated engine enhancements,” says Brenda Hoffman, senior vice president and chief information officer, TMX Group.
The gateway was designed to support the dramatic increase in messaging rates and performance demands on the Toronto Stock Exchange and TSX Venture Exchange.
TMX Group also announced that new technology initiatives are now underway that will strengthen its competitive position and expand the breadth of the products and solutions offered to clients. Internal networks are being upgraded to further increase throughput capability.
In addition, the company is greatly expanding capacity to handle the ever-increasing number of messages; the first expansion phase, which is expected to be complete in the first quarter of 2010, is designed to more than double capacity throughput.
TMX Group operates the Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange as well as other financial trading services.
IE
New TSX gateway achieves dramatic order speed performance improvement
Additional network upgrade and capacity expansion projects underway
- By: IE Staff
- January 14, 2010 January 14, 2010
- 14:26