Market open ceremony marks the launch of new trading engine on Canada's senior equities exchange
TORONTO, June 17, 2014 /CNW/ - TMX Group today announced the successful launch of its award-winning, high performance equity trading engine, TMX Quantum XA™ on Toronto Stock Exchange. "We have reached a major milestone in our technology history," said Brenda Hoffman, Senior Vice President, Group Head of Information Technology, TMX Group. "We are very proud to have set this organization on a bold new technology path and delivered the best trading platform in the world."
"Customer feedback from the initial phases of the TMX Quantum XA implementation has been exceedingly positive," added Kevan Cowan, President of TSX Markets and Group Head of Equities, TMX Group. "We have set a new standard in our competitive global industry for the quality and efficiency of TMX Group's equities markets. As a result, Canada is better positioned to compete for global capital flows."
Last month, TMX Quantum XA received the "Sprott School of Business at Carleton University Outstanding Product Achievement Award" at the 29th Annual CATAAlliance Innovation and Leadership Awards. The award recognizes outstanding technology engineering and the development of a world-class product which enhances Canada's international reputation for innovation and excellence.
"The launch of TMX Quantum XA on Toronto Stock Exchange is a true feat of innovation," added Thomas Kloet, CEO, TMX Group. "Today we salute the combined efforts of our technology and equity markets teams to propel our trading technology to the forefront of the exchange industry."
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE Toronto Stock Exchange