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TSX Quantum

Welcome to the TSX Quantum™ web site, your source for information on the new TSX trading engine. In the coming months, we will be updating this site regularly to provide the marketplace with up-to-date information on the TSX Quantum implementation process, rollout schedule, and performance and technology updates.

Click here for TSX Quantum™ News and Product Information.

For additional information, please contact your account manager.

TSX Quantum, TSX Group’s new unique proprietary trading engine, is designed to offer state-of-the-art trading service and performance to our customers. When it launches beginning Q4 2007, it will provide world-class messaging capabilities and linearly scalable throughput with response times in the single digit millisecond range - comparable to, or better than, any equities exchange group in the world.

Market Challenges

In just a few years, we’ve gone from measuring speed in seconds to measuring it in thousandths of seconds to measuring it in millionths of seconds. And the landscape continues to change rapidly:

  • Inbound messaging rates are increasingly dramatic due to changes in trading patterns
  • The tolerance for latency is decreasing
  • High availability standards must continue to be met
  • Time to market for product enhancements must continue to be responsive to competitive business needs i.e. “first to market”
  • Decreasing trading fees.
TSX Vision

Our vision with TSX Quantum is to build a new trading engine for the Toronto Stock Exchange and TSX Venture Exchange that will advance TSX to the next level of trading technology. TSX Quantum aims to deliver:

  • Single digit millisecond latency
  • Greatly expanded market capacity
  • Significantly reduced total cost of ownership
  • Maintaining our world-leading reliability and availability
Benefits

TSX Quantum will dramatically enhance TSX Group’s capabilities and will offer multiple benefits to our customers:

  • Streamline functionality by removing seldom-used order types (Min Fills, Lots Of);
  • Capacity tested to over 320 million orders an hour (or approximately 2 billion orders a day) and proven to be linearly scalable;
  • Throughput tested to over 100,000 messages per second and proven to be linearly scalable;
  • Performance: Order matching in microseconds & Response time in the single digit milliseconds.
Average Engine Latency over time - Marketwide

For further information contact your TSX Markets Account Manager or Email trading_sales@tsx.com.