TMX Group's unique two-tier exchange model supports growth of companies at all stages
TORONTO, Oct. 30, 2014 /CNW/ - TMX Group today announced that with the graduation of Fission Uranium Corp. (FCU) from TSX Venture Exchange (TSXV) to Toronto Stock Exchange (TSX), the total number of companies to graduate from TSXV to TSX has reached 600 since January 1, 2000. These companies have raised $85 billion in equity capital on TSX since then.
"Our unique two-tier exchange system helps to facilitate growth and supports small, early-stage companies to ones that are growth oriented with strong performance track records," said John McCoach, President, TSX Venture Exchange. "Companies choose to list on TSXV for a number of reasons, including the benefits of seeking graduation to a senior market when they qualify for a senior listing; the increased access to capital; and the strong fundamentals in place in the Canadian capital markets."
There are 318 graduates listed on TSX, as at September 30, 2014, representing a market capitalization of almost $200 billion. 20% of these companies are currently in the S&P/TSX Composite Index, with three in the S&P/TSX 60 Index.
To celebrate this milestone, Fission Uranium Corp. Chairman & CEO Dev Randhawa and President & COO Ross McElroy will join Mr. McCoach to open trading on TSX this morning at 9:30 a.m.
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, Montreal Exchange, Canadian Derivatives Clearing Corporation, NGX, 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: Toronto Stock Exchange
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, [email protected]