TORONTO, July 14, 2015 /CNW/ - TMX Group today announced that it has sold the business of its investor relations subsidiary The Equicom Group Inc. (Equicom) to NATIONAL Public Relations Inc.
The decision to enter into this transaction was made within the scope of TMX Group's recent organizational review and strategic realignment, which was announced on June 2, 2015. The stated goal of this process was to sharpen the focus of TMX Group's investment strategy on a core set of product and service offerings.
"Equicom provides excellent investor relations consulting services to our clients and we are pleased to continue recommending its services to our listed issuers under NATIONAL's leadership," said Ungad Chadda, Senior Vice President, Toronto Stock Exchange.
The transaction closed today. The terms were not disclosed.
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, TMX Select, Alpha Group, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers 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 www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE Toronto Stock Exchange
For further information: Carolyn Quick, Vice President, Corporate Communications & Public Affairs, TMX Group, 416-947-4597, [email protected]; Paul Malcolmson, Director, Investor Relations, TMX Group, 416-947-4317, [email protected]