TORONTO, Aug. 15 /CNW/ - TSX Group today announced that TSX Inc. has
signed an agreement with Standard & Poor's to secure exclusive use of S&P/TSX
equity indices in connection with options, futures and options on futures,
beginning in 2009. TSX intends to use the license to permit DEX to create
derivative products based on the indices.
DEX is a new derivatives exchange to be launched by two of the world's
leading marketplaces, TSX Group and the International Securities Exchange
(ISE). DEX, which is scheduled to begin operation in March 2009, will
initially be owned 52% by TSX Group and 48% by ISE. It will list and trade
options, futures and options on futures on a range of Canadian securities.
"The exclusive equity index license agreement is a significant next step
for our new market," said Rik Parkhill, President of TSX Markets. "It
underpins our strategy of integrating the cash equity market with the equity
derivatives market through a seamless connection with superior liquidity. As
we work with ISE to create the framework for our new exchange, DEX will be an
innovative, globally-competitive derivatives exchange for Canada."
Terms of the transaction were not disclosed.
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)