TORONTO, April 8 /CNW/ - TMX Select™, TMX Group Inc.'s equities alternative trading system, today announced
that it has reached another important milestone. It is now available
for client and industry testing in the TMX Gateway Testing Environment
The pre-launch testing period in the GTE enables clients to conduct
certification testing, to verify that their connectivity is working
properly, and to explore TMX Select's functionality.
"TMX Group created TMX Select to better meet the needs of our clients
who have increasingly diverse trading strategies," said Gary Knight,
Vice President, Trading, TSX Markets and CEO of TMX Select. "We are
very excited about the progress of our implementation plans and look
forward to bringing to market additional execution opportunities and
choice for participants."
A complete subscriber's package, including a TMX Select Subscriber
Manual and the necessary agreements to begin trading, will be available
by the end of April 2011. Order entry and market data specification
documents are currently available to clients through the TMX Select
website at www.tmxselect.com.
The Ontario Securities Commission's public feedback request for TMX
Select's initial operations notice recently concluded. The fee schedule
and more implementation details will be communicated to market
participants prior to the planned launch in June 2011, which is subject
to regulatory approval.
TMX Select, which was announced in October 2010, will offer a visible
marketplace for trading equity securities.
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,
Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston
Options Exchange (BOX), Shorcan, Shorcan Energy, Equicom and other TMX
Group companies provide listing markets, trading markets, clearing
facilities, 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
(Houston, Boston and Chicago) as well as in London. For more
information about TMX Group, visit our website at www.tmx.com.
SOURCE Toronto Stock Exchange
For further information:
Manager, Corporate Communications