TSX say the trading engine will be a state-of-the-art platform, with leading messaging capabilities and response times in the single digit millisecond range.
The smart order router will help domestic and international clients meet best execution obligations and will eventually be used for multi-asset trades including derivatives.
Earlier this year TSX announced ‘TSXPress’ a series of trading system enhancements aimed at optimizing execution speeds for algorithmic traders on its current platform. Also announced this spring was the production of ‘Financial Information eXchange’ (FIX) gateway.
TSX Markets president Rik Parkhill said, Our marketplace embraces new forms of trading modalities and we are quick to add market features that make it easier and less costly to trade. TSX is committed to providing best-of-class solutions to compete effectively with exchanges anywhere.
