CDS Innovations Inc. to open trading on Toronto Stock Exchange today
TORONTO, Oct. 19 /CNW/ - Ian Gilhooley, President and CEO, The Canadian Depository for Securities Limited and Mark Weseluck, Chief Business Development Officer, CDS Innovations Inc., will join Tom Kloet, CEO, TMX Group, and Eric Sinclair, Senior Vice President, TMX Datalinx, to open trading on Toronto Stock Exchange on Monday, October 19, 2009.
The market opening is in celebration of CDS Innovations' agreement with TMX Datalinx to license use and distribution of CDS Innovations' securities data products.
Under the agreement, TMX Datalinx will promote and license CDS Innovations' data products on TMX contracts and manage customer relationships, while CDS Innovations will oversee the management and technical distribution of the data. Products include Canadian corporate reference data, corporate actions and regulatory filings. More information on the products can be found at www.tmx.com.
"TMX is very pleased to announce and celebrate our collaboration with CDS," said Mr. Sinclair. "The agreement expands the TMX corporate data product offering and further deepens our commitment to providing our clients with comprehensive coverage of Canada's capital markets."
"CDS Innovations looks forward to pairing the quality of CDS Innovations' information products with TMX Datalinx's marketing expertise for the benefit of Canada's capital markets," said Mr. Gilhooley. "The agreement is a natural fit for both organizations and underscores the close working relationship CDS has had with the Toronto Exchange for almost 40 years."
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 2 and is produced at the TMX Broadcast Centre and sent live to the TOC. Those featured in the market opening move 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 for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. For more information about TMX Group, visit our website at www.tmx.com.
About CDS Limited
The Canadian Depository for Securities Limited is a valued partner to securities market participants, providing reliable, cost-effective depository, clearing, settlement, regulatory and information services. We deliver innovative, value-added solutions that help our stakeholders maintain a competitive capital market in Canada and build a strategic global advantage.
The Canadian Depository for Securities Limited (CDS Limited) is the holding company for four operating subsidiaries: CDS Clearing and Depository Services Inc., CDS INC., and CDS Innovations Inc.
CDS Innovations Inc. is the premier source for information on Canadian securities and is ideally positioned to develop and provide new solutions that meet market demand for securities data and related services.
SOURCE TSX Group Inc.
For further information: For further information: Carolyn Quick, Director, Corporate Communications, TMX Group, (416) 947-4597, firstname.lastname@example.org; Janet Comeau, Manager, Corporate Communications, The Canadian Depository for Securities Limited, (416) 365-8427, email@example.com