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Speaking at the Buyside Investment Management Association (BIMA) Conference in Toronto, CEO Richard Nesbitt highlighted TSX Group’s technology initiatives – calling the upcoming changes part of the TSX Quantum Revolution. Quantum is the name of the new trading and technology platform that will begin rollout later this year.
Mr. Nesbitt said, “We’ve done the testing. It is, we believe, a world leader. We are scheduling rollout later this year. Our lab testing last December indicated that the new trading engine will allow clients to configure their systems to achieve single digit millisecond round trips.”
Speed and response time are critical factors in the success of a marketplace. Mr. Nesbitt added, “TSX will be adding substantial performance and capacity to the markets in the next year. We want to offer our customers the opportunity to prepare for this as we look to the future. As we look to the future, let me just remind everyone of the TSX Quantum lab results:- Capacity tested to over 320 million messages an hour or roughly two billion messages per trading day and that is scaleable on a linear basis;
- Throughput tested to 100,000 message per second, also scaleable;
- Order matching in microseconds – that’s in millionths of seconds, not thousandths;
- Capability of full system fail-over in seconds with no lost messages.
It is numbers like these that will drive the revolution in our industry – the Quantum Revolution. So I ask market participants, are you ready to join the TSX Quantum revolution?”
A copy of Mr. Nesbitt’s remarks is available at this link
