TMX Group Announces eXplore TMX Innovation Lab

New initiative designed to accelerate technological and organizational innovation

TMX Group today announced the launch of eXplore TMX Innovation Lab, a new initiative that will leverage both emerging and in-house technology and intellectual capital to create products and services that will provide competitive advantages to clients in Canada, across North America and around the world.

eXplore is a design and development space, operating as part of TMX Group's newly-created Global Enterprise Services, where a selection of TMX Group employees will focus on market solutions in both technology and big data analytics. Team members will be encouraged and challenged to reimagine existing capabilities and portfolio assets to innovate new client solutions.

"With this new initiative, TMX Group will be better positioned to leverage our existing technology and human capital to incubate and develop new solutions for our clients. Our company is fully committed to continually evolving our services and products that offer value to our clients, and eXplore will be an important piece of our approach to client-first innovation."

— Lou Eccleston, TMX Group CEO

eXplore will also connect with external innovation networks to learn from and build on new knowledge domains in financial services research. TMX Group has recently formalized a collaboration framework with the Fields Institute for Research in the Mathematical Sciences. In addition, TMX Group recently signed a Lead Sponsor agreement with the Capital Markets Institute (CMI) at the University of Toronto's Rotman School of Management. TMX Group has also contributed educational funding to the Data Science Lab in the Faculty of Engineering and Architectural Science at Ryerson University.

Read the full media release here.

For more information, please visit www.tmxexplore.com.