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The content on or made available through the Websites is for informational purposes only and is not intended to provide legal, accounting, tax, investment, financial or other advice and such content should not be relied upon for such advice. TMX, its Service Providers and each of their respective affiliates, directors, officers, agents and representatives assume no liability for any inaccurate, delayed or incomplete content, nor for any actions taken in reliance thereon. The content contained on or made available through the Websites, including without limitation, the content obtained through Service Providers or through any other link, has been supplied by such Service Providers or other third parties without verification by us. The views, opinions and advice of any third party provided on the Websites reflect those of the individual authors and are not endorsed by us. Past performance is not necessarily indicative of future performance. Prior to making any investment decision, it is recommended that you consult directly with the individual or firm and seek advice from a qualified investment advisor. Neither TMX nor any of its affiliates or Service Providers make or have made any recommendations regarding the securities or investment services of any person or entity with respect to the content of the Websites, or of the advisability of investing in securities generally for any particular individual.
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The VIX Methodology is the property of the CBOE. CBOE has granted S&P a license to use the VIX Methodology to create the S&P/TSX 60 VIX index and has agreed that S&P may permit values of the S&P/TSX 60 VIX index to be disseminated. Neither CBOE nor S&P nor TSX or their respective affiliates makes any representation regarding such index or the advisability of relying on such index for any purpose. Neither CBOE nor S&P or their respective affiliates’ sponsors endorses, sells or promotes any investment product that is or may be based on the S&P/TSX 60 VIX index. Neither TSX nor its affiliates’ sponsors endorses or promotes any third party investment product that is or may be based on the S&P/TSX 60 VIX index.
TMX, ITS AFFILIATES, SERVICE PROVIDERS AND THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, OR AGENTS SHALL NOT, UNDER ANY CIRCUMSTANCES, BE LIABLE FOR ANY DIRECT, CONSEQUENTIAL, INCIDENTAL, INDIRECT OR SPECIAL DAMAGES, OF ANY KIND, OR ANY OTHER DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION, THOSE ARISING FROM ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON THE CONTENT OR THOSE RESULTING FROM LOSS OF USE, DATA OR PROFITS, WHETHER RESULTING FROM THE USE OF OR INABILITY TO USE ANY CONTENT ON OR MADE AVAILABLE THROUGH THE WEBSITES (OR A WEBSITE LINKED TO THE WEBSITES), OR ANY OTHER CAUSE; AND EVEN IF CAUSED BY TMX'S OR ITS AFFILIATES’ OR SERVICE PROVIDERS' NEGLIGENCE, AND EVEN IF ANY OF THEM HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING.
Neither TMX, its Service Providers nor any of their respective affiliates, officers, directors, employees, agents or licensors: (a) has passed on the merit of any of the securities referred to on or through the Websites or any linked site; or (b) has endorsed or sponsored any of these securities; or (c) makes or has made any recommendation regarding any securities issued by any of the companies identified on or through or linked to the Websites, nor the advisability of investing in securities generally for any particular individual. PLEASE SEEK THE ADVICE OF PROFESSIONALS, AS APPROPRIATE, REGARDING THE EVALUATION OF ANY SPECIFIC SECURITY, INDEX, REPORT, OPINION, ADVICE OR OTHER CONTENT.
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TMX accepts advertising from listed companies, brokers and other organizations and receives a fee from their advertising on the Websites. No endorsement by TMX is intended or implied by the presence of such advertising.
As a convenience to our visitors, the Websites currently contain links to a number of websites. The privacy policies and procedures described here do not apply to those websites. We suggest contacting these websites directly for information on their data collection and distribution policies. Your linking to such websites or pages is at your own risk. TMX is not responsible for the accuracy or reliability of any information, data, opinions, advice, or statements made on these sites. TMX provides these links merely as a convenience and the inclusion of such links does not imply that TMX endorses or accepts any responsibility for the content or uses of such websites.
The content identified as "From Our Sponsors" has been provided by the sponsor identified in that content, and is provided for informational purposes only. The content is not endorsed by TMX and TMX is not responsible for, and assumes no liability for, any errors or omissions in the content provided or any actions taken in reliance thereon.
You are not permitted to use any of the trade-marks displayed on the Websites (including without limitation those listed below) without the prior written consent of TMX Group Inc. or the third party that owns the trade-mark.
The following are trade-marks of TSX Inc.:
The Accumulator; AECO 'C' and NIT Bid-Week One-Month Spot Price; AECO 'C' and NIT Daily Spot Price; AECO 'C' and NIT Daily Spot Price (2A); AECO 'C' and NIT Daily Spot Price (4A); AECO 'C' and NIT Daily Spot Price (5A); AECO 'C' and NIT One-Month Spot Price; Alberta Stock Exchange Design; American Venture Exchange; The Asia Pacific Board; The Asian Board; ATX; ATX Access; Bar Chart Design; Bull and Bear Design; Canada's Pacific Rim Stock Exchange; Canadian Best Bid and Offer; Canadian Dealing Network; Canadian Unlisted Board; Canadian Venture Exchange; Capital Moves; Capital Pool Company; CARS; CBBO; CDB; CDEX; CDF; CDNX; CDNX Design; Clarity for Investor Relations; CLS; CPC; CUB; CUB Canadian Unlisted Board Inc. Design; DEX; DEX Design; DOTS Design; échangez avec nous, Equities News; Exchange With Us; Experience • Leadership; FOX; Groupe TMX; HIP; INFOCDNX; Infosuite; Invest with Insight; ir2020; ir2020 Clarity for Investor Relations Design; LinxPointOne; Marchés privés TSX; Market at Play; Market Book; Market-by-Order; Market-by-Price; marketdata.tse.com; MarketDepth; MOC; Money Go Round at Stock Market Place; National Enterprise Exchange; Natural Gas Exchange; Natural Gas Exchange Design; NEX; NGX; NGX AB-NIT Bidweek Index; NGX AB-NIT Day Ahead Index; NGX AB-NIT Month Ahead Index; NGX AB-NIT Month Ahead Index (7A); NGX AB-NIT Same Day Index; NGX AB-NIT Same Day Index (2A); NGX AB-NIT Same Day Index (4A); NGX AB-NIT Same Day Index (5A); NGX Alberta Bid-Week Spot Index; NGX Alberta Daily Spot Index; NGX Alberta Next Day Price; NGX Alberta One-Month Spot Index; NGX Canadian Natural Gas Index; NGX Dawn Daily Spot Index; NGX Dawn One-Month Spot Index; NGX Design; NGX Spectra Station #2 Day Ahead Index; NGX Station #2 Daily Spot Price; NGX Union Dawn Daily Spot Price; NGX Union Dawn Day Ahead Index; NGX Union Dawn Month Ahead Index; NGX Union Dawn One-Month Spot Price; NGX Tradepath; One Success After Another; Public Venture Capital Campaign; S M P; STAMP; Stock Market Place at the TSE; Stock Market Place at the TSE Design; Stock Market Place Bull & Bear Design; Taking it to the Street; This Way Up; TIPS; TIPS 100; TIPS 35; TMX; TMX Argent; TMX Atrium; TMX Datalinx; TMX Design; TMX Extreme Message Transfer Protocol; TMX Group; TMX International; TMX Money; TMX Powerstream; TMX Quantum; TMX Quantum XA; TMX Quantumfeed; TMX Select; TMXnet; Tomorrow's Stock Exchange; Toronto 35 Index; Toronto Stock Exchange; Trade Your Way; TRADECDNX; TSE; TSE 100 Index; TSE 200 Index; TSE 300 Composite Index; TSE CDNX Design; TSE Design; TSE Edge Design; TSE Securities World Design; TSX; TSX Alternative Trade eXecution; TSX Block List Leaders; TSX Compliance Alerts Reporting System; TSX Datalinx; TSX Design; TSX Direct; TSX Firm Order eXecution; TSX Group; TSX Historical Trading Data; TSX IE; TSX Infinity; TSX Intelligence Engine; TSX Intelligence Engine Design; TSX Market On Close; TSX Market Sense; TSX Markets; TSX Network Resources Program & Design; TSX Private Markets; TSX Quantum; TSX Quantum Revolution; TSX Quantum the Speed of Trade & Design; TSX Quantum la Vitesse de Negociation & Design; TSX QuantumFeed; TSX SecureFile; TSX Technologies; TSX Venture 50; TSX Venture 50 Design; TSX Venture Exchange; TSXconnect; TSXPress; TSXV; Waggle; Where the World Trades Canada; XMT; Your Key to Capital.
The following are trade-marks and other marks of Bourse de Montréal:
Analyste attitré en instruments dérivés (AAID); BAX; Bourse canadienne de contrats à terme et options; Bourse canadienne de produits dérivés; Bourse canadienne d'options; Bourse de Montréal Designs; Bourse Verte Canadienne; Bourse Verte de Montréal; CADC; Canadian Annual Derivatives Conference; Canadian Derivatives Exchange; Canadian Futures and Options Exchange; Canadian Green Exchange; Canadian Options Exchange; CAREX; CAREX Marché Canadien de Ressources; CAREX Canadian Resources Exchange; CCAD; CDCS; Certified Derivatives Analyst (CDA); CGB; CGF; CGZ; CIFO; Compensation sur mesure; Conférence canadienne annuelle des dérivés; Converge; Converge Design; Converge Compensation sur mesure & Design; Customized Clearing; Converge Customized Clearing & Design; Derivatives Institute; DTM; FIG; Institut des dérivés; LGB; Logo Dessin étoile / Star Design; MAX, Electronic Trading System for Options; MAX, Système de négociation électronique pour les options; MCWX; MIO; Montreal Automated System (SAM); Montreal Green Exchange; Montreal-By-Price; MPCX; MX; OBW; OBX; OBY; OBZ; OGB; ONX; OIS-MX; SAM; SAM Montreal Automated System Design; SCF; SOLA; SOLA Design; SXA; SXB; SXF; SXH; SXM; SXO; SXY; Système automatisé de Montréal; USX; WCH; WCZ; XCB: Indice bancaire canadien; XCB: The Canadian Banking Index; XCF: Indice canadien des produits forestiers; XCF: The Canadian Forest Products Index; XCI: Indice canadien des biens d'équipement; XCI: The Canadian Industrial Products Index; XCM: Indice canadien des mines et métaux; XCM: The Canadian Mining and Minerals Index; XCO: Indice canadien des hydrocarbures; XCO: The Canadian Oil and Gas Index; XCU: Indice canadien des services publics; XCU: The Canadian Utilities Index; XXM: Indice canadien du marché; XXM: The Canadian Market Portfolio Index; WCH.
The following are the trade-marks of Alpha Trading Systems Limited Partnership: Alpha Group; Alpha Exchange; Alpha Intraspread; Alpha Main; Alpha Venture Plus; Alpha X; Alpha & Design; Dark Match Facility; Dark Order; Intraspread Facility; SDL; Seek Dark Liquidity; Trade Up & Design and are used under license.
The following are trade-marks of BOX Options Exchange, LLC: Boston Options Exchange; BOX Boston Options Exchange Design.
The following are trade-marks of The Canadian Depository for Securities Limited: CDS and CDSX.
The following are trade-marks and other marks of Corporation canadienne de compensation de produits dérivés / Canadian Derivatives Clearing Corporation: CCCPD; CCCPD/CDCC Design; CDCC; CDCS.
The following are trade-marks of Chicago Climate Exchange: Marché climatique de Montréal; MCeX; MCeX Marché climatique de Montréal & Design; MCeX Montréal Climate Exchange & Design; Montréal Climate Exchange.
The following are trade-marks of Natural Gas Exchange Inc.: NetThruput; NetThruput Design.
The following are trade-marks of Razor Risk Technologies Limited: Razor; Razor Risk.
The following are trade-marks of Shorcan Brokers Limited: Shorcan; Shorcan Brokers; Shorcan Energy Brokers.
The following are trade-marks of TMX's Information Providers:
MarketWatch; the MarketWatch logo and BigCharts are registered trade-marks of MarketWatch, Inc.
Dow Jones Indexes is a service mark of Dow Jones & Company, Inc.
ICE is a trade-mark of IntercontentalExchange, Inc. and is used under license.
CanDeal and the CanDeal design are registered trade-marks of CanDeal.ca Inc. and are used under license.
The Canadian Disclosure Network and CNX Marketlink are registered trade-marks of Canada NewsWire Limited.
"S&P", as part of the composite mark of S&P/TSX which is used in the name the S&P/TSX Composite Index, the S&P/TSX 60 Index and other S&P/TSX indices, refers to a trade-mark of Standard & Poor's Financial Services LLC and is used under license by TSX Inc.
Scotia Capital is a registered trade-mark of The Bank of Nova Scotia and is used under license.
iShares is a trade-mark of Barclays Global Investors, N.A.
POSIT is a trade-mark and POSIT Canada is a service mark of the POSIT Joint Venture, a joint venture between Barra POSIT, Inc. and ITG Software, Inc.
INK Research and Page10 are trade-marks of INK Research Corp.
ROGERS, CANADIAN BUSINESS, PROFIT and MONEYSENSE and associated designs are trademarks of Rogers Publishing Limited and may not be used without permission of the owner. Content from the named publications is copyrighted and may not be copied or used for anything other than personal reference without first obtaining written permission from Rogers Publishing Limited.
"VIX", "VIXC" and "VIXCanada" are the trademarks of the Chicago Board Options Exchange ("CBOE"), used by Standard &Poor's Financial Services LLC ("S&P"), TSX Inc. ("TSX") and its affiliates with the permission of CBOE. "S&P" is the trademark of S&P and "TSX" is the trademark of TSX.
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No links may be made to or from any of the content provided by Service Providers without their prior written permission.
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TMX may change the Websites, including eliminating or discontinuing any content on or made available through the Websites, at any time and in its sole discretion.
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Investor Relations and Related Matters
Caution Regarding Forward-Looking Information
The Websites may contain "forward-looking information" (as defined in applicable Canadian securities legislation) that is based on expectations, assumptions, estimates, projections and other factors that management believes to be relevant as of the date of the content published on the Websites. Often, but not always, such forward-looking information can be identified by the use of forward-looking words such as "plans", "expects", "is expected", "budget", "scheduled", "targeted", "estimates", "forecasts", "intends", "anticipates", "believes", or variations or the negatives of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved or not be taken, occur or be achieved. Forward-looking information, by its nature, requires us to make assumptions and is subject to significant risks and uncertainties which may give rise to the possibility that our expectations or conclusions will not prove to be accurate and that our assumptions may not be correct.
Examples of such forward-looking information include, but are not limited to, factors relating to stock, derivatives and energy exchanges and clearing houses and the business, strategic goals and priorities, market condition, pricing, proposed technology and other initiatives, financial condition, operations and prospects of TMX, which are subject to significant risks and uncertainties. These risks include: competition from other exchanges or marketplaces, including alternative trading systems and new technologies, on a national and international basis; dependence on the economy of Canada; adverse effects on our results caused by global economic uncertainties; failure to retain and attract qualified personnel; geopolitical and other factors which could cause business interruption; dependence on information technology; vulnerability of our networks and third party service providers to security risks; failure to implement our strategies; regulatory constraints; risks of litigation; dependence on adequate numbers of customers; failure to develop or gain acceptance of new products; currency risk; adverse effect of new business activities; not being able to meet cash requirements because of our holding company structure and restrictions on paying dividends; dependence and restrictions imposed by licenses and other arrangements; dependence of trading operations on a small number of clients; new technologies making it easier to disseminate our information; risks associated with our clearing operations; challenges related to international expansion; restrictions on ownership of TMX shares; inability to protect our intellectual property; dependence on third party suppliers; adverse effect of a systemic market event on our derivatives business; risks associated with the credit of customers; cost structures being largely fixed; risks associated with integrating the operations, systems, and personnel of new acquisitions; and dependence on market activity that cannot be controlled. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking information contained on the Websites.
Such forward-looking information is based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions in connection with the ability of TMX to successfully compete against global and regional marketplaces; business and economic conditions generally; exchange rates (including estimates of the U.S. dollar - Canadian dollar exchange rate), the level of trading and activity on markets, and particularly the level of trading in TMX's key products; the continued availability of financing on appropriate terms for future projects; productivity at TMX, as well as that of TMX's competitors; market competition; research & development activities; the successful introduction of new derivatives and equity products; tax benefits/changes; the impact on TMX and its customers of various regulations; TMX's ongoing relations with its employees; and the extent of any labour, equipment or other disruptions at any of its operations of any significance other than any planned maintenance or similar shutdowns.
While we anticipate that subsequent events and developments may cause our views to change, we have no intention to update this forward-looking information, except as required by applicable securities law. This forward-looking information should not be relied upon as representing our views as of any date subsequent to the date on each individual page of content or documents included on the Websites. We have attempted to identify important factors that could cause actual actions, events or results to differ materially from those current expectations described in forward-looking information. However, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and that could cause actual actions, events or results to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These factors are not intended to represent a complete list of the factors that could affect us. A description of the above-mentioned items is contained in our most recent Annual MD&A under the heading Risks and Uncertainties.
Investor Relations information
The information posted to the Investor Relations section of the Websites is maintained by the Chief Financial Officer of TMX Group. All information posted to the Investor Relations section of the Websites was accurate at the time of posting, but may be superseded by subsequent disclosures made by TMX Group. TMX Group does not assume any duty of disclosure beyond that which is required by law. For TMX Group official investor disclosure documents, please see the TMX Group filings made with Canadian securities regulators at www.sedar.com.