TMX Group Restructures Trading Infrastructure, Alpha Offering

TMX Group Inc., the owner and operator of numerous multi-asset exchanges, has restructured its equities business by strengthening its trading offering to Canadian capital markets, including 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 (TSX), 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 (TSXV), TMX Select, and Alpha Exchange offerings.

TMX Group recently partnered with ULLINK in August to help arbitrate its pre-trade risk, its most notable dealing during the past few months. Its recent move represents an initiative that is designed to meet changing client needs, namely for institutional and retail customers.

More specifically, these include improvements across the trading landscape in Canada and a new domestic trading model and back-to-basics solutions and strategies for customers which are pegged for launch in June 2015.

According to Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group in a recent statement on the changes, "We have heard and understand our customers' needs and we are taking action to deliver responsive and responsible solutions that together will provide important benefits, both to individual investors and to the broader market.”

Furthermore, "TMX Group welcomes all feedback on our proposed solutions," added Cowan. "We are keenly aware that it is critical for all participants to feel confident in the markets they use, and we are fully committed to listening and adapting our market model to meet their evolving needs," Cowan added.