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The TMX broadcast centre in Toronto.
The TMX broadcast centre in Toronto.
(FERNANDO MORALES/THE GLOBE AND MAIL)

Don’t blink: TMX’s new system trades in microseconds

Blink as fast as you can. Now consider this: the new Toronto Stock Exchange trading system can process a stock transaction about 4,000 times faster than that.

With a month to go until the Toronto Stock Exchange moves to a new, faster trading engine, TSX owner TMX Group Inc. says its new system is posting median latency of 26 microseconds from the edge of the exchange’s network.