Toronto Stock Exchange Operator Parts with Head of Equities

The operator of the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, among many others, announced that the TMX Group Limited is undergoing an executive restructuring. The company announced that the former President of TSX Markets and the Group’s Head of Equities, Kevan Cowan, left his positions to pursue different opportunities.

The company’s CEO Lou Ecclestone, commented on the announcement, "Kevan’s accomplishments at TMX Group are both numerous and significant, and I would like to thank him for his contributions."

"The Board of Directors and the entire TMX team join me in wishing Kevan all of the very best in the future,” he added.

TMX Group operates across multiple asset classes. The company runs the TSX Venture Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, TMX Select, Alpha, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange and others. The firm announced that it will be appointing a successor to Mr. Cowan shortly.

Throughout the interim period, the equities business will be reporting directly to the CEO of TMX Group, Mr. Eccleston. Mr Cowan served at the company for seven years.

Under Cowan’s tenure, the TMX has been successfully competing with a number of more prominent exchanges. Currently, the TMX Group constitutes an exchange group focused on multi-asset class trading, including equities, fixed income and energy.