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TSX InfinityTMTSX Infinity is a parallel, distinct order book that will operate alongside our TSX Quantum Central Limit Order Book. TSX Infinity features and pricing schedule will be optimized for high-velocity traders trading high-velocity names*. A Simple, Non-intermediated Market StructureElectronic trading strategies have been deployed on the global stage across multiple markets. The growing adoption of these successful trading strategies is driving demand for very low latency, non-intermediated, non-interrupted execution venues in the Canadian marketplace. TSX Infinity will be the optimum environment for these electronic trading strategies to thrive. |
TSX Infinity is TSX's "trade light" venue that will offer both low latency messaging and uninterrupted simple price/time fill allocation. This combination of speed and simplicity is critical for electronic trading strategies that seek to minimize their trading impact with instant executions across multiple venues.
TSX Quantum will continue to allow you to trade your way with an opening auction, continuous trading facilitated by market makers followed by the Market On Close. In contrast TSX Infinity will trade continuously between 9:30-4:00 without interrupting or interacting with any of these other TSX facilities. TSX Infinity makes it simple for you to "trade light".
The benefits of trading lightTrade AnonymouslyYou will be able to trade large volumes quickly in TSX Infinity, with the assurance that your trading is fully anonymous and information leakage around strategies employed has been minimized. Securely Trade Highly Liquid Names TSX Infinity's speed and simplicity have been tailored for trading in highly liquid securities. TSX Infinity will trade all TSX names interlisted in the United States, as well as other highly liquid TSX names that are index eligible, or are related securities**. |
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TSX Infinity is a parallel order book with the same throughput capabilities as TSX Quantum. Due to its high throughput capabilities, it will allow you to access more liquidity in a given unit of time across both order books.
| Trade At Different Cost TSX Infinity leverages the proven technology of TSX Quantum. Pricing will be extremely competitive relative to all other trading venues and will focus on the needs of algorithmic traders. Additional Features TSX Infinity, like TSX Quantum, will be accessible through FIX and STAMP Gateways. TSX Infinity may reveal additional features and new order types as the regulatory approval process initiates. Trade Light TSX Group is adapting to move beyond specialized order types in a single book, into multiple alternative trading books to address the needs of the rapidly evolving marketplace, specialized to meet traders' needs. TSX will leverage TSX Quantum technology, at a marginal incremental infrastructure cost, to introduce new order books with differentiated features, allowing customers to benefit from: |
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- Order books with different allocation methods
- Moving order flow across multiple venues and find new liquidity
- Reduced execution risk and risk of information leakage
- Expanded visible depth at each price level resulting from separately queued order books
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Contact
For additional information, please contact your account manager.*pending regulatory approval.
**Rights, Warrants, Notes, Debentures of the same issue.
