TMX Group Readies Launch Of TMX QuantumXA On Toronto Stock Exchange
TMX Group today announced that it has reached a major milestone in the phased launch of its new high performance trading engine, TMX Quantum XA™. Customers are now able to connect to the new trading platform in a test environment and participate in simulated order entry sessions in preparation for the migration of Toronto Stock Exchange symbols, planned for June 2014.
The TMX Quantum XA platform was short listed for a 2013 American Financial Technology Award for "Most Cutting-Edge IT Initiative" after TMX Select successfully transitioned in August 2013. The new platform is designed to enhance the quality of TMX markets with dramatically improved speed, latency variability and capacity. On the TMX Select market, this new generation of technology achieves a median latency of 26 microseconds and a 99th percentile latency of 38 microseconds across the full production day, measured at the network edge