TSX Group Inc. provides details on trading fee revisions in advance of the Quantum Revolution(TM)



    TORONTO, Aug. 13 /CNW/ - In preparation for the upcoming launch of the
TSX Quantum Revolution, TSX Group Inc. today provided details on changes to
the trading fee models on both Toronto Stock Exchange and TSX Venture
Exchange, which were announced on July 25, 2007.
    "TSX Quantum is more than a trading engine," said Rik Parkhill,
President, TSX Markets. "It is a revolutionary way of thinking about trading
and how the securities industry will operate going forward. TSX Quantum
presents both an opportunity and a challenge for market participants as they
prepare for these unprecedented changes. We want to ensure global participants
and active traders are incented to take full advantage of TSX Quantum's
increased capacity, throughput and response times."
    Revisions to the trading fee models for issues listed on Toronto Stock
Exchange and TSX Venture Exchange will be effective November 1, 2007. Details
of the new fee schedule are posted on tsx.com. The revisions will reduce the
effective round-trip fee spread for trading on the Toronto Stock Exchange
central limit order book by up to 40%, further align the credit for liquidity
model of TSX Venture Exchange with Toronto Stock Exchange, align the fees of
lower priced and higher priced securities on Toronto Stock Exchange and TSX
Venture Exchange, and reduce fees and further discount the cross printing
facility. Toronto Stock Exchange will also be adjusting prices for certain
order types including Icebergs, where executed volume is not visible to the
marketplace.
    "We are revising trading fees as part of our strategy to enhance TSX
Group's competitive position as the central point of liquidity for Canadian
equities," said Mr. Parkhill. "We continuously innovate while maintaining
competitive prices targeted at attracting more market participants and
increasing trading activity."
    Given that many of the changes will be structured to improve liquidity,
it is expected that the impact of the proposed changes will be to improve TSX
Group's competitive position in North America. Based on historical trading
activity, patterns, and product mix, changes to the trading fee structure
could reduce TSX Group's trading and related revenue by approximately $7 to
$10 million on an annual basis if offsetting benefits, including increased
volumes, are not realized. However, actual trading revenue will depend on
future trading activity, patterns and product mix. Since moving to a
volume-based trading fee model on July 1, 2006, volumes traded on Toronto
Stock Exchange and TSX Venture Exchange have increased by almost 20% over the
one year period prior to the change.

    Certain statements constitute forward-looking statements and are not
historical facts but are based on certain assumptions and reflect TSX Group's
current expectations regarding future results or events. These statements are
subject to a number of risks and uncertainties that could cause actual results
or events to differ materially. Some of the risk factors that could cause
actual results or events to differ materially from current expectations are
outlined in TSX Group's Annual Report, Quarterly Reports and Annual
Information Form filed with securities regulators from time to time.

    About TSX Group Inc. (TSX-X)

    TSX Group operates Canada's two national stock exchanges, Toronto Stock
Exchange serving the senior equity market and TSX Venture Exchange serving the
public venture equity market, 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. TSX Group also owns The Equicom Group Inc., a leading
provider of investor relations and related corporate communication services in
Canada. TSX Group is headquartered in Toronto and maintains offices in
Montreal, Winnipeg, Calgary and Vancouver.





For further information:

For further information: Steve Kee, Director, Corporate Communications,
TSX 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) 218-2892, steve.kee@tsx.com


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