TMX Group has completed the second phase of its equity Enterprise Expansion project, promising higher order throughput and capacity at 40,000 order messages per second.
“These enhancements demonstrate TMX Group’s commitment to providing our clients with the highest quality technology, performance, and quality of execution,” said Brenda Hoffman, senior vice-president, group head of information technology.
TMX Group has been challenged by a growing number of alternative exchanges in recent years, but it remains the dominant trading platform in Canada. Technological improvements will prove key to maintaining that position.
“The build out of the Enterprise Expansion initiative reinforces TMX Group’s leading position as the primary liquidity pool in the Canadian marketplace,” said Kevan Cowan, president, TSX Markets and group head of equities. “We expect that this performance upgrade will attract increased order flow to TMX Group exchanges, as well as to the Canadian market.”