Nesbitt discusses TSX Group's alliances and calls on ICD members to take
an active interest in free trade in securities
VANCOUVER, April 3 /CNW/ - In remarks to the Institute of Corporate
Directors (ICD) in Vancouver today, TSX Group CEO Richard Nesbitt discussed
recent strategic alliances - the one with the International Securities
Exchange (ISE) to form DEX, a new derivatives marketplace to be launched in
2009 and a second alliance relating to physical clearing and technology for
North American natural gas and Canadian power markets between the
InterContinental Exchange (ICE) and Natural Gas Exchange (NGX).
"What you are seeing here, broadly, are the latest steps in our
transformation from a stock exchange dealing in equity securities to an
exchange group dealing in multiple asset classes," said Mr. Nesbitt.
Mr. Nesbitt also highlighted the cross-border shift in securities
regulation and the continued global momentum behind free trade in securities.
"The possibility of free trade in securities will have to alter the way
we look at the governance issue, so that we see it not just as a provincial or
national issue but a cross-border issue."
Mr. Nesbitt spoke on the evolution of foreign markets and its impact on
attitudes toward regulation. "On a global basis, market participants are
showing an increasing interest in the rapidly evolving issue of cross-border
regulation and free trade in securities."
Mr. Nesbit called for members of the ICD to take an active interest in
the evolving issue of cross-border regulation and free trade in securities.
A copy of Mr. Nesbitt's remarks is available 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 are the initials attached to the core equity operations of
TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture Exchange, TSX
Markets, TSX Datalinx, and TSX Technologies. TSX Group is headquartered in
Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.
For further information:
For further information: Steve Kee, Director, Media & Marketing, 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) 218-2892, email@example.com; Sylvin Gauthier, Information Coordinator,
Montreal Office: (514) 788-2414, firstname.lastname@example.org