Market open ceremony to celebrate new milestone
TORONTO, May 4, 2016 /CNW/ - Toronto Stock Exchange (TSX) today announced that it has surpassed a significant milestone with more than 400 exchange traded funds (ETFs) now listed. Since the beginning of 2011, the number of ETFs listed on TSX has more than doubled, bringing the total market capitalization to approximately $106 billion as of April 30, 2016.
"Throughout the impressive history of this visionary product, from the launch of the world's first ETF here in 1990 to this incredible milestone, TSX has proudly been Canada's home for ETFs," said Nick Thadaney, President and CEO, Global Equity Capital Markets, TMX Group. "The ETF segment continues to be a phenomenal growth story domestically, fueled by Canadian ETF providers' continuous innovation in product offerings. TMX remains committed to supporting its clients and the continuing evolution of the ETF."
ETF industry participants will join Shaun McIver, Chief Client Officer, Equity Capital Markets, TMX Group to open trading this morning at 9:30 a.m. ET.
TSX welcomed four new ETF providers in the first four months of 2016, and is now home to 16 providers: Auspice Capital Advisors Ltd., BMO Exchange Traded Funds, First Asset Exchange Traded Funds, First Trust Portfolios Canada, Hamilton Capital Partners Inc., Horizons ETFs Management (Canada) Inc., iShares ETFs by BlackRock, Lysander Funds Limited, Mackenzie Investments, PowerShares Canada, Purpose Investments Inc., Questrade Wealth Management Inc., Sphere Investment Management Inc., TD Asset Management Inc., RBC Global Asset Management Inc. and Vanguard Investments Canada Inc.
For more information on ETFs, visit TMX Group's ETF Centre at: http://app.tmxmoney.com/etp/. The portal provides in-depth information on ETFs, including basic education, investment strategies and videos.
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 and is produced at the TMX Broadcast Centre and sent live to the 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) at 9:30 a.m.
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, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear 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 (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
This is not an invitation to purchase securities listed on Toronto Stock Exchange. TMX Group and its affiliates do not endorse or recommend any of the referenced securities. Please seek professional advice to evaluate specific securities.
This news release is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice.
SOURCE Toronto Stock Exchange
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, email@example.com