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TSX Group Inc.
TMX Group to Provide Smart Order Routing Using Lava ColorBook Technology
July 28th, 2008
TMX Group Inc. and Citi announced an agreement to provide Toronto Stock Exchange and TSX Venture Exchange participating organizations with a smart order routing solution powered by Citi's Lava ColorBook(R) II technology. This smart order router will execute orders at various Canadian marketplaces seeking the best available prices.
ColorBook(R) II will provide customers a low-latency smart router that aggregates full depth market data feeds and provides a suite of special order types for accessing liquidity across multiple market centers.
Tom Kloet, CEO, TMX Group, said: "This agreement underpins our commitment to providing leading-edge, best execution...
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Source: VerticalNews Technology (2008-07-28)