TMX Capital Markets Learning Centre to Open Toronto Stock Exchange Today
TORONTO, Nov. 15, 2013 /CNW/ - TMX Group today announced that it has created a capital markets education tool. The TMX Capital Markets Learning Centre (www.tmx-edu.com) is a free, web-based information portal designed to help Canadians gain a better understanding of the markets.
Representatives from the Government of Canada will join Tom Kloet, CEO, TMX Group, to open trading on Toronto Stock Exchange today to mark the launch.
At the heart of the Centre lies the new TMX Trading Simulator, a unique, risk-free market experience where investors can trade both equities and options in a "real world" environment. With the TMX Trading Simulator, users simply sign-in and create a virtual portfolio and they are ready to employ a variety of trading strategies against actual market data.
"TMX Group is proud to be involved in Financial Literacy Month and to contribute to the advancement of investor education in Canada," said Thomas Kloet, CEO, TMX Group. "The goal of this new centre is to provide all levels of investors and students with valuable educational resources and to bring Canadians closer to the action - to trade our markets and gain realistic, hands-on experience."
"Financial literacy is as important as reading: it's an essential life skill. The launch of the TMX Capital Markets Learning Centre today is a perfect example of how we can increase the financial literacy of Canadians," said Lucie Tedesco, Commissioner, Financial Consumer Agency of Canada (FCAC). "This launch is particularly fitting for the half-way point of Financial Literacy Month, when organizations from the private, public and voluntary sectors across Canada are holding activities, collaborating and introducing resources to help Canadians improve their knowledge, skills and confidence in making responsible financial decisions."
TMX Group is committed to educational initiatives across Canada, including Montreal Exchange's very successful derivatives education project, targeted at expanding the profile of options trading at the grassroots level. This year the university partnership program expanded across campuses in Quebec, Ontario, New Brunswick and Nova Scotia and now has 16 MX student ambassadors promoting the initiative and over 800 teams are participating in our national business school competition.
|WHAT:||TMX Capital Markets Learning Centre to open trading on Toronto Stock Exchange|
|WHO:|| Mark Adler, MP York Centre
Lucie Tedesco, Commissioner, FCAC
Tom Kloet, CEO, TMX Group
|WHEN:||Friday, November 15, 2013, 9:00 a.m. (ET)|
|WHERE:|| TMX Broadcast Centre
The Exchange Tower, 130 King Street West
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 (SD-SDI) and is produced at TMX and sent live to the Toronto 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)
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, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom 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 (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing 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: TMX Group Inc.
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Director, Communications and Public Affairs