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TSX Group is pleased to announce that more than 1400 issues are now trading on its new trading engine, TSX Quantum™. "We launched these symbols over the weekend and are already seeing greatly improved processing times," said Brenda Hoffman, Chief Information Officer, TSX Group Inc.
Among some of the key data for the new trading engine:
- TSX Quantum is now trading more than 65 percent of total daily Toronto Stock Exchange trades
- 11 million order messages were processed on May 12.
- Average and median response time in the single digit millisecond range
Upcoming for TSX Quantum is the migration of the remaining TSX symbol list, expected on May 25th. After that, TSX Group will determine the future migration of TSX Venture Exchange (TSXV) listed securities. The British Columbia Securities Commission has approved TSXV rule changes, paving the way for the future migration of TSX Venture Exchange symbols to the TSX Quantum engine.
Robert Fotheringham, Senior Vice-President, Trading, added, "The implementation of the new trading engine is proceeding as planned, and TSX Quantum will redefine how TSX leverages technology to serve all of its clients. This new platform will enable us to rollout product enhancements that serve all of our customers, and at lower incremental costs."
