09:35 AM
Chi-X Canada Increases Capacity
Chi-X Canada ATS Limited has increased the capacity of its trading platform by about 500 percent to handle 175,000 messages per second with full redundancy. The system previously had a capacity of about 30,000 messages per second.
In a statement Tal Cohen, CEO of Chi-X Canada, said, “The growth of electronic and algorithmic trading has led to an ever-increasing demand for order messaging capacity, so we are pleased that our platform can efficiently scale to address this need.”
He added, “While the industry still has a way to go before actual message volumes require any venue, including the TSX, to process 175,000 messages per second, Chi-X Canada is prepared to handle the expected growth trajectory in overall volumes as the Canadian markets continue to evolve.”