NGX Celebrates 20th Anniversary and Announces Charity Trading Day
TMX Group marks the occasion with a market open ceremony
CALGARY, Feb. 25, 2014 /CNW/ - NGX, a wholly-owned subsidiary of TMX Group Limited, celebrated its 20th anniversary by opening today's trading session in Toronto.
"This morning we recognize a significant milestone in NGX's history and a proud day for our employees," said Jim Oosterbaan, President, NGX. "In a relatively short period of time, beginning with the deregulation of Canadian natural gas markets and the launch of NGX in 1994, through the acquisition by TMX Group in 2004 and our alliance with ICE in 2008, NGX has evolved into the leading physical energy clearinghouse in North America. Today, NGX's founding principles of providing customers with liquid, efficient and reliable markets remain as strong as ever."
"TMX Group has proudly supported and shared in NGX's accomplishments since acquisition ten years ago," added Tom Kloet, CEO, TMX Group. "The NGX team has added great value to our organization and we are excited about their future prospects."
NGX Charity Day March 14, 2014
NGX is proud to also announce the first NGX Charity Trading Day on March 14th, 2014. NGX will donate a portion of its revenue to the Tom Baker Cancer Centre in memory of Gary Gault. Gary worked for NGX since its inception. He was a valued team member and a key contributor to the company's success.
For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at TMX and sent live to the Toronto TOC. The client moves into position for the market open ceremony at approximately 9:27 a.m. and the markets will open with the sound of a SIREN (the traditional market open on Toronto Stock Exchange).
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
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Senior Manager, Communications and Public Affairs