News Release
TMX Group Inc. welcomes role as Information Processor for exchange-traded equity securities
June 5, 2009 (TORONTO) – Today, the Canadian Securities Administration (CSA) announced that TSX Inc., the wholly-owned subsidiary of TMX Group Inc. (TMX) will act as an information processor for exchange-traded equity securities for a period of five years commencing July 1, 2009. “We are extremely pleased with the CSA’s announcement,” said Tom Kloet, TMX CEO. “We are confident that the TMX solution is best able to serve the interests of market participants.”
The role of an Information Processor is to provide a central source of consolidated Canadian equity market data that meets standards approved by regulators. The TMX Information Processor products include the Consolidated Data Feed (CDFTM), Canadian Best Bid and Offer (CBBO®), Consolidated Last Sale and a consolidated book. CDF and CBBO are currently available and provide market participants with low-latency access to consolidated real-time market data from multiple Canadian equity marketplaces. These products use world class third-party technology and are delivered to clients through existing telecommunication links with TMX.
“The TMX Information Processor solution leverages this existing client connectivity, providing economic efficiencies for all market participants,” said Eric Sinclair, Senior Vice President, TMX Datalinx. “Our high-speed solution is designed to offer ease of access to Canadian marketplace content for domestic and international clients.”
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. For more information about TMX Group, visit our website at www.tmx.com.
For more information please contact:
Carolyn Quick
Director, Corporate Communications
TMX Group
416-947-4597
carolyn.quick@tsx.com
