TORONTO, April 4, 2016 /CNW/ - Executives from TD Asset Management Inc. (TDAM) will join Toronto Stock Exchange (TSX) to open trading this morning to celebrate the launch of their new exchange traded fund (ETF) business. Last week, TDAM's six new passive ETFs began trading on TSX, including products designed to track the performance of Canadian fixed income markets as well as Canadian, U.S. and international equities.
"TSX is proud to welcome TD Asset Management ETFs to our Exchange. TDAM has been a great sponsor of the industry and our firm for many years," said Nick Thadaney, President & CEO, Global Equity Capital Markets, TMX Group. "We have a rich history in supporting the successful growth of the ETF marketplace and we remain committed to serving this segment into the future. ETFs have become a vital part of Canada's markets and a great example of the dynamic and diverse products we offer to investors."
To celebrate the listing on TSX, Tim Wiggan, CEO, TDAM, will join Mr. Thadaney to open trading this morning at 9:30 a.m. ET.
As of February 29, 2016, there were 384 ETFs and exchange traded notes listed on TSX with a combined market capitalization of over $98 billion. For more information on ETFs and other exchange traded products, 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.
SOURCE Toronto Stock Exchange
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, email@example.com