SASKATOON, Sept. 5 /CNW/ - At a luncheon speech at the Saskatoon Chamber
of Commerce today, TSX Group CEO Richard Nesbitt spoke about the rapidly
changing exchange world and how TSX Group's exchanges are working to remain at
the forefront of the changes. With many new competitors entering the Canadian
marketplace in the form of alternative trading systems and the existence of
established competitors around the world, TSX Group is meeting these
challenges with innovative product and service offerings, including
development of the TSX Quantum(TM), a new trading platform that is scheduled
to begin its rollout at the end of this year.
"At TSX Group, we have embraced technology as our competitive advantage.
We now offer trading products in equities, energy and debt markets. We offer
clearing for our energy products and, subject to regulatory approval, intend
to offer a new clearing facility for derivative products in 2009. We have
entered into relationships with two of the strongest American marketplaces:
International Securities Exchange for DEX and Intercontinental Exchange, for
energy. When all of this work is complete, TSX Group will offer a complete
package of products to meet the needs of its customers"
He went on to tell attendees at the speech that the pace of change is
swift and far reaching in the exchange industry. "Whatever the outcome of this
next phase of development, we at TSX Group are confident our exchanges will
remain the primary source of price formation for trading Canadian products. We
will need to continue to adapt to these new market conditions. Some of these
changes may be profound. We believe it is critical for Canada to maintain a
strong domestic capital market."
Copies of Mr. Nesbitt's remarks are on tsx.com.
About TSX Group Inc. (TSX-X)
TSX Group operates Canada's two national stock exchanges, Toronto Stock
Exchange serving the senior equity market and TSX Venture Exchange serving the
public venture equity market, Natural Gas Exchange (NGX), a leading North
American exchange for the trading and clearing of natural gas and electricity
contracts and Shorcan Brokers Limited, the country's first fixed income
inter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading
provider of investor relations and related corporate communication services in
Canada. TSX Group is headquartered in Toronto and maintains offices in
Montreal, Winnipeg, Calgary and Vancouver.
For further information:
For further information: Steve Kee, Director, Corporate Communications,
TSX Group Inc., Toronto Office, (416) 947-4682, Toll Free 1-888-873-8392,
Cellular (416) 358-3714, Vancouver Office (604) 602-6902, Calgary Office (403)