TORONTO, Jan. 27, 2016 /CNW/ - TMX Group (TMX) and S&P Dow Jones Indices (S&P DJI) today announced a renewal of the multi-year Index Operation and License Agreement (Agreement) between TSX Inc. and S&P DJI, further extending their long-standing and successful partnership. The Agreement will ensure that market participants will continue to have access to a comprehensive suite of investable indices for the Canadian equity markets, as well as North American and global markets. Executives and other representatives from TMX and S&P DJI will later today hold a market close ceremony to celebrate the Agreement.
S&P/TSX indices are widely recognized as the leading equity market benchmarks in Canada, with key indices including the S&P/TSX Composite Index and the S&P/TSX 60 Index. The Agreement between S&P DJI and TSX covers the creation and publication of all S&P/TSX indices, while also providing Montréal Exchange with the rights to list futures and options on the S&P/TSX indices.
"TSX is one of our longest standing exchange relationships and we're pleased to renew our agreement to operate Canada's premier market benchmarks," says Alex Matturri, CEO of S&P Dow Jones Indices. "Through the years, in collaboration with the TSX, we have developed and commercialized leading indices to meet the evolving investor needs. This agreement allows us to continue to advance benchmark innovation and integrity in the Canadian market."
"The renewal of the Index Operation and License Agreement between S&P Dow Jones Indices and TSX is a prime example of bringing transparency and insight to Canadian and global investors through these closely followed benchmarks," said Lou Eccleston, CEO, TMX Group. "The S&P/TSX family of indices has long been, and will continue to be, considered as the leading measures of equity and derivatives markets performance in Canada."
For more information on the S&P/TSX family of indices, please visit: www.spdji.com.
For Market Closings: Media may pick up a feed from the TOC (television operations centre) for all market open and close ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the Toronto TOC. Those featured in the market opening and market closing move into position for the ceremony at approximately 9:27 a.m. and 3:57 p.m. respectively and the markets will open/close with the sound of a siren (the traditional market open/close on Toronto Stock Exchange) at 9:30 a.m. and 4:00 p.m. ET.
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 at @TMXGroup.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
The S&P/TSX indices are a product of S&P Dow Jones Indices LLC ("SPDJI") and TSX Inc. ("TSX"). Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and TSX® is a registered trademark of TSX. SPDJI, Dow Jones, S&P and TSX do not sponsor, endorse, sell or promote any products based on the S&P/TSX indices and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the S&P/TSX indices or any data related thereto.
SOURCE TSX Group Inc.
For further information: S&P Dow Jones Indices, Soogyung C. Jordan, Global Head of Communications, New York, USA, (+1) 212 438 2297, firstname.lastname@example.org; Miriam Hespanhol, Americas Communications, New York, USA, (+1) 212 438 1406, email@example.com; TMX Group, Mathieu Labrèche, Manager, Corporate Communications and Public Affairs, 416-947-4474, firstname.lastname@example.org