Montréal Exchange and CDCC successfully launch SOLA(R) Clearing



    MONTREAL, June 3 /CNW/ - TMX Group Inc. today announced that Montréal
Exchange (MX) and the Canadian Derivative Clearing Corporation (CDCC),
wholly-owned TMX subsidiaries, have successfully launched the new SOLA(R)
Clearing system. The new clearing platform, which leverages the strength of
the SOLA technology, provides both better service to clients as well as the
flexibility to enhance CDCC's product offering.
    "Implementing the SOLA clearing platform represents the last milestone of
a five-year plan to rebuild our exchange technology," said Luc Bertrand,
Deputy CEO TMX Group and MX President. "It also represents an important step
forward in our broader clearing strategy."
    With the implementation of SOLA Clearing complete, the company has the
necessary flexibility and capacity to even better service the market's growing
need for clearing and settlement of over-the-counter (OTC) products.
Specifically, CDCC's OTC product strategy includes plans to introduce clearing
of repurchase agreements (repos).
    "We would like to recognize the significant contributions of our clearing
members who tested the platform and worked very hard with us to ensure that
the migration went smoothly," said Alain Miquelon, Chief Clearing Officer,
CDCC, and Executive Vice President and COO, MX.

    
    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 further information:

For further information: Carolyn Quick, Director, Corporate
Communications, TMX Group, (416) 947-4597, carolyn.quick@tsx.com; Lise
Tessier, Communications Coordinator, Montréal Exchange, (514) 871-2424,
ltessier@m-x.ca


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