VANCOUVER, Oct. 18 /CNW/ - In remarks to the National Centre for Business
Law at UBC in Vancouver today, Kevan Cowan, President, TSX Venture Exchange
addressed the changing landscape of the issue of free trade in securities.
Mr. Cowan described the current global support for free trade in
securities, highlighting the recent commitments by G-7 finance ministers and
central bank governors to explore the issue further. He added that he was,
"greatly encouraged by growing indications that politicians and regulators are
recognizing the importance of addressing this issue."
Mr. Cowan argued the technology is available to offer a free and
instantaneous flow of securities across borders, and it is outdated regulation
and policy that is hindering the process. Mr. Cowan also reminded his audience
that free trade is not a new concept, especially not in North America, "It
only stands to follow that Canadians and Americans should not be impeded from
investing freely in companies whose products trade freely across the border."
TSX Group executives, including Mr. Cowan and TSX Group CEO Richard
Nesbitt, have been outspoken advocates of free trade in securities for some
time, according to Kevan Cowan, "We intend to work collaboratively with all
interested parties - governments, investor groups, and indeed, even our
competitors, to achieve these improvements to the investment climate on both
sides of the border."
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, 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