Quenched twisted mass QCD at small quark masses and in large volume

As a test of quenched lattice twisted mass QCD, we compute the non-perturbatively O($a$) improved pseudoscalar and vector meson masses and the pseudoscalar decay constant down to $M_{\rm PS}/M_{\rm V} = 0.467(13)$ at $\beta=6$ in large volume. We check the absence of exceptional configurations and -- by further data at $\beta=6.2$ -- the size of scaling violations. The CPU time cost for reaching a given accuracy is close to that with ordinary Wilson quarks at $M_{\rm PS}/M_{\rm V} \simeq 0.6$ and grows smoothly as $M_{\rm PS}/M_{\rm V}$ decreases.