TORONTO, Oct. 9 /CNW/ - TMX Group today issued the following statement from Thomas Kloet, CEO of TMX Group, in response to the release of the Ontario Securities Commission (OSC) staff notice on the Transparency of the Operations of Stock Exchanges and Alternative Trading Systems (ATS):
- For Canada's capital markets to succeed and thrive in the long term,
all trading venues - whether exchanges or ATSs - must have the same
- We welcome the OSC's recognition of the need to bring more
transparency to the trading activities of Canada's alternative
trading venues. The requirement for ATSs to make operational changes
open to public consultation is a step in the right direction.
- However, in today's decision, information about an ATS's current
operations, including existing order types, can continue to be hidden
from the public - giving Canadians very little context through which
to evaluate proposed changes. Canadians need access to the complete
- There is still a long way to go to establish a level playing field
free of some of the conflicts of interest that exist in the current
- We encourage the OSC to consider additional action and we urge the
Canadian Securities Administrators to act with speed and purpose to
ensure the future quality and prosperity of Canada's capital markets.
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.
SOURCE TSX Group Inc.
For further information: For further information: Carolyn Quick, Director, Corporate Communications, TMX Group, (416) 947-4597, firstname.lastname@example.org