TORONTO, May 15 /CNW/ - TSX Group is pleased to announce that more than 1400 issues are now trading on its new trading engine, TSX Quantum(TM). "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."
About TMX Group Inc.(1)
-----------------------
TMX Group is the product of the business combination of TSX Group Inc. and Montréal Exchange Inc. TMX is the leading integrated exchange group in Canada, operating markets for multiple asset classes.
(1) TSX Group is expected to change its name to TMX Group Inc. on
June 11, 2008, subject to approval by shareholders
About TSX Group Inc. (TSX-X)
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TSX Group operates Canada's two national stock exchanges, Toronto Stock Exchange serving the senior equity market and TSX Venture Exchange serving the public venture equity market, Natural Gas Exchange (NGX), a leading North American exchange for the trading and clearing of natural gas and electricity contracts and Shorcan Brokers Limited, the country's first fixed income inter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading provider of investor relations and related corporate communication services in Canada. TSX Group is headquartered in Toronto and maintains offices in Montreal, Calgary and Vancouver.
About Montréal Exchange Inc.
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The Montréal Exchange (MX) is the Canadian derivatives exchange. MX offers trading in Canadian interest rate, index and equity derivatives. Clearing, settlement and risk management services are provided by an AA rated clearing house. MX has interests in: the Boston Options Exchange (BOX), a U.S. automated equity options market, the Canadian Resources Exchange (CAREX), a corporation dedicated to developing the Canadian energy market; and the Montréal Climate Exchange (MCeX), a joint venture with the Chicago Climate Exchange(R), which aims to establish the leading market for publicly traded environmental products in Canada.
ContactsSteve Kee
Director
Corporate Communications
TSX Group Inc.
(416) 947-4682
Toll-Free: 1-888-873-8392
Cellular: (416) 358-3714
steve.kee@tsx.com Jean Charles Robillard
Director
Investor Relations and Communications
Montréal Exchange Inc.
(514) 871-3551
jcrobillard@m-x.ca
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