TMX Group introduces two new order types to facilitate traders executing pre-arranged trades and to meet best price obligations

    TORONTO, June 19 /CNW/ - Market participants will soon find it easier to
manage their obligations to fill better-priced visible orders at Toronto Stock
Exchange and TSX Venture Exchange when executing a designated trade at a
prearranged price on TSX/TSXV with the following order types:

    Bypass Order: An Immediate or Cancel order to fill against visible volume
 only to meet regulatory obligations.

    Designated Cross: A cross allowed to print as a Designated Trade at a
prearranged price without interference from better priced orders or same
priced orders. Traders will meet their regulatory obligations by printing the
Designated Cross at TSX after executing their Bypass Orders.

    With the launch of these new order types and proposed TSX smart order
router initiative, TSX/TSXV will be well positioned to meet the full sweep of
regulatory change resulting from the evolution of the multi-marketplace
trading environment.
    "As the marketplace evolves, we continue to find innovative solutions to
support its clients and the investing public" said Thomas Kalafatis, Vice
President, Sales and Product Development, TSX Markets. He added "Providing the
platform for best execution remains the focus of the equities trading group at
TMX. We are pleased to proceed with the Bypass Order and Designated Cross as
part of our aggressive product roll-out schedule, with more announcements
coming soon."
    In Market Integrity Notice No. 2008-08, dated May 16, 2008, Market
Regulation Services Inc. (now Investment Industry Regulatory Organization of
Canada) introduced provisions respecting off marketplace trades, including the
bypass marker, as amendments to UMIR. The marker enables a marketplace to
systematically enforce the bypass of the undisclosed volume of an iceberg
order and bypass trading with special terms orders and other specialty orders
permitted by the UMIR rules. The combination of the Bypass Order and the
Designated Cross will allow dealers to fill against visible orders only and
then execute a trade and/or an intentional cross that qualifies as a
Designated Trade under UMIR. Traders will also be able to contact TSX Trading
Services to manually print a prearranged trade so long as the better priced
orders have been filled using the bypass marker.

    About TMX Group (TSX-X)

    TMX Group is the leading integrated exchange group in Canada, operating
markets for multiple asset classes. TMX Group operates Canada's two national
stock exchanges: Toronto Stock Exchange, Canada's senior equities market,
providing an efficient, liquid market for a broad cross-section of more than
1600 issuers and TSX Venture Exchange, providing access to capital for
companies at the early stages of their growth while offering investors a
well-regulated market for making venture investments. TMX Group also operates
Montreal Exchange, Canada's only derivatives marketplace, 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. TMX Group also owns The
Equicom Group Inc., a leading provider of investor relations and related
corporate communication services in Canada. From its preeminent domestic base,
TMX Group's reach continues to extend internationally, through TSX Markets and
Datalinx which provide the trading and data to the global financial community
who access Canada's equity capital market. TMX Group is the 7th largest
exchange group in the world and in 2007, a record 150 billion of securities
volume traded. TMX Group is headquartered in Toronto and maintains offices in
Montreal, Calgary and Vancouver.

For further information:

For further information: Steve Kee, Director, Corporate Communications,
TMX 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)

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