Helping Transform Lives through Literacy

Last month, Frontier College held its 10th annual SCRABBLE® Corporate Challenge, the organization’s preeminent yearly fundraiser. The event, presented by TMX Group, was a fun-filled evening where Bay Street scored big for literacy, raising $366,000 to help improve literacy rates for children, youth and adults across Canada. Since 2005, the event has raised over $2 million for Frontier College literacy programs.

This year, 56 corporate teams participated in the competition. The teams competed against over 350 people from Bay Street law firms, investment firms, financial institutions and blue chip corporations to win the TMX Cup and the opportunity to open the market at Toronto Stock Exchange (TSX). The event was an excellent opportunity to entertain key clients, business associates and valued employees with a rewarding evening of fun and excitement while also supporting an important cause.

Congratulations to all of the teams and sponsors who participated and demonstrated their support for literacy. The 2014 SCRABBLE Corporate Challenge Conference Winners are:

  • Technology & Telecommunications: CaTech Systems
  • Wealth Management: Toron AMI International Asset Management
  • Banking & Financial Services:  Scotiabank
  • Information & Data Services: Broadridge Financial Solutions Inc.
  • Diversified & Accounting: PwC
  • Legal: Perry & Currier Inc., Currier + Kao LLP

Special congratulations to this year’s 2014 TMX Cup Champions: Perry & Currier Inc., Currier + Kao LLP. Here they are, joined by Eric Sinclair President, TMX Datalinx and Group Head of Information Services, TMX Group, to open the market on Friday, March 6, 2014.


Learn more about Frontier College’s mission.

Announcing the 2014 TSX Venture 50 “Pick of the Street”!

Earlier in February, we announced the 2014 TSX Venture 50®, a ranking of strong performing companies spanning five industry sectors on TSX Venture Exchange (TSXV). Following the official announcement of the 2014 TSX Venture 50, a selection of Canada’s professional investment community was polled by TMX Equicom – a division of TSX Company Services – for their choice of the “Pick of the Street” in each sector.

Yesterday, we were pleased to announce this year’s “Pick of the Street” companies at the Venture 50 Spotlight event in Calgary. For the second year in a row, we had a tie in one category and, as a result, six companies were selected this year.

The 2014 “Pick of the Street” companies are:

  • Clean technology: Questor Technology Inc. (QST)
  • Diversified Industries: Kelso Technologies Inc. (KLS) and Loyalist Group Limited (LOY)
  • Mining: Probe Mines Limited (PRB)
  • Oil & Gas: Madalena Energy Inc. (MVN)
  • Technology & Life Sciences: Sphere 3D Corporation (ANY)

Congratulations to each of these companies! Your 2013 performance has been recognized by the professional investment community, including fund managers, analysts, bankers and retail brokers who were included in our poll.

Click here to download a copy of the 2014 TSX Venture 50 feature published in the May issue of Canadian Business magazine.


Introducing TSX Private Markets and TSX Ignite

TMX Group announced two new initiatives this week that leverage our 160+ years of experience in serving public markets… what’s particularly exciting for our business and our team, is that both initiatives provide us with new opportunities to serve private companies.

TSX Private Markets

Earlier this week we announced plans to launch TSX Private Markets: a service to facilitate capital formation and secondary trading of securities in the exempt market across Canada. With this new business, expected to launch in the third quarter of 2014 and, subject to regulatory approval, we will be able to serve companies throughout their evolution, whether they are private or public. Importantly, TSX Private Markets will also enable us to provide investors and shareholders with unique investment opportunities and increased liquidity.

TSX Private Markets will offer services for private and public companies:

  • Secondary trading of private issuer securities and public issuer “hold period” shares;
  • Facilitation of public issuers’ private placements;
  • Capital formation for private issuers; and
  • Management of shareholder registry.

With this service, where there is an exemption available from the prospectus requirements for a proposed transaction, TSX Private Markets will be ready to provide such capital formation and liquidity services.

Key aspects of TSX Private Markets will be operated by Shorcan: a wholly-owned subsidiary of TMX Group and a registered Exempt Market Dealer with over 35 years’ experience as an inter-dealer broker facilitating trades between brokers.

For more information about TSX Private Markets, please visit tsxprivatemarkets.com to register for updates leading to the launch.

TSX Ignite

This morning we officially launched TSX Ignite: a program designed to provide Canadian companies and entrepreneurs – at all stages of growth and from all sectors, both private and public – with tools and resources to help them build great businesses.

Through TSX Ignite we will deliver information on essential practices for any ambitious entrepreneur or manager of a small- and medium-sized enterprise (SME). There are two important components to the program:

  • tsxignite.com is home to the program’s Learning Channel and other resources, including 60-second videos with expert information for entrepreneurs.
  • Live events will be held across the country – from Halifax to Vancouver – to provide free information relevant to the growth plans of SMEs, including tips on raising capital and factors to consider when growing a company and hiring advisors. The first event will be held in Toronto on April 30.

With over twenty law firms, accounting firms and investment banks collaborating on the program, we are proud to provide a wealth of free expertise to entrepreneurs. We are also partnering with a diverse array of key industry organizations to promote the program across Canada.

In all we do, we are committed to supporting a vibrant Canadian economy and dynamic capital markets for companies and their investors. Both of these initiatives help us deliver on this commitment and now, more than ever, we have the privilege of serving an expansive spectrum of growing, innovative companies.


New Conference Offers Education on Options

This week, Montréal Exchange (MX) and U.S.-based The Options Industry Council (OIC) will be hosting the inaugural Options Conference for Investment Advisors and Portfolio Managers in Toronto, March 26, and Montréal, March 27. The new conference series is the result of a strong partnership between the two organizations, which is aimed at enhancing awareness, knowledge and responsible use of exchange-listed equity options.

MX and OIC have been working together for several years to educate retail investors on how to use options to help achieve their investment objectives, as well as maximizing their opportunities for portfolio development and risk management through options. The two organizations first began collaborating closely when they launched the Options Education Days, a flagship education program which has welcomed more than 6,000 participants since its inception in 2008. Based on the success of that initiative, MX and OIC partnered to create the Options Conference.

Launching this spring with full-day conferences in three Canadian cities – Toronto, Montréal and Vancouver – the Options Conference is targeted primarily to industry professionals and advisors. It offers a forum for industry professionals to share best practices and exchange ideas on how options can be leveraged to reach their clients’ investment objectives. The conferences feature expert and specialist speakers from reputable firms and organizations, including BMO Global Asset Management, CIBC Wood Gundy, Desjardins Securities, Horizons ETFs Management (Canada) Inc., Morgan Stanley and TD Waterhouse, amongst others.


TMX PowerStream: Real-Time Data for Investors, When They Need It

TMXmoney® – TMX Group’s online hub for timely and accurate financial information about the capital markets – is where current and potential investors go to help make informed investment decisions. Yet when they need deeper, more comprehensive market information backed-up by real-time market data from Canadian, U.S., and international markets, many turn to TMX PowerStreamTM.

TMX PowerStream provides both professional and self-directed investors lightning fast access to stock market quotes, charts, news and research, in a feature-rich, user-friendly and customizable interface. This same platform is used by industry professionals and retail investors as an essential tool to help develop their investment approaches. Savvy investors can now have it on their own desktop or on-the-go with TMX PowerStream Mobile for market information in the palm of their hand.

The powerful platform combines ease-of-use with comprehensive coverage and functionality, depending on an investor’s desired level of subscription. Here are few features available through TMX PowerStream:

  • Track up to 30 portfolios and up to 300 symbols each;
  • Streaming news, filings and announcements from reliable real-time sources;
  • Real-time stock, news and filing alerts in desktop pop-ups, wireless alerts or emails;
  • Advanced charting with comparative, historical and intraday analytics and indicators;
  • Heat maps provide a visual for your portfolio watchlist and the markets; and
  • Level 2 / Market Depth for multiple marketplaces.

Click here to get more information or to register for a seven day free trial!


Socially Responsible Junior Mining Companies Leading the Pack

Last week, MacCormick International Mining Consultancy, a Toronto-based management consultancy dedicated to Corporate Social Responsibility (CSR) in the mining sector, released their second annual 2013 Social Responsibility Index – Canada’s first-ever index of the Top 20 socially responsible mining companies listed on TSX Venture Exchange (TSXV.)

MacCormick’s index uses PWC’s Top 100 Junior Mining report, which ranks TSXV-listed mining companies by market capitalization, as a benchmark and analyzes those companies against its own CSR index. The consultancy’s index consists of 10 CSR categories and a 3-tier rating system for each category:

  1. Job Function;
  2. Standard Framework;
  3. Local Sourcing;
  4. Local Employment;
  5. Health & Safety;
  6. Monitoring & Evaluation;
  7. Consultation;
  8. Community Investment;
  9. Local Capacity Development; and
  10. Code of Conduct.

The CSR index also studies the financial statements of the Top 20 TSXV-listed mining companies for a closer look at financial indicators that could correlate financial and social performance.

MacCormick’s 2013 Social Responsibility Index reveals that junior mining companies exhibiting a strong commitment to CSR are outperforming their peers on many financial metrics. According to this year’s report, TSXV-listed mining companies with strong social performance maintained or grew their market capitalization and increased shareholder equity. This finding suggests that there may be a link between social performance and access to capital, as well as resilience during difficult market conditions.

Click here to read “Leading the Way: 2013 Social Responsibility Index,” and to view this year’s Top 20 ranking.


TMX has not prepared, reviewed or updated the content of various reports and reviews referenced in this blog post, or the content of any third party sites, and assumes no responsibility for such information. The views, opinions and advice of any third party reflect those of the individual authors and are not endorsed by TMX. Nothing in this blog is intended to provide investment, financial or other advice and you should not be relying on it for such advice. It is not an invitation to purchase securities listed on TSX Venture Exchange.

TMX Group to Open Singapore Office

TMX Group today announced plans to open an office in Singapore, subject to regulatory approval, to help advance its international expansion program in a key business centre.

The new office, scheduled to open in 2014, will focus initially on establishing new business relationships and exploring new opportunities for Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange in the Asia-Pacific region.

We are very pleased to announce the opening of an office in Singapore. Our mandate in this unique and robust market is to build new relationships and strengthen our existing relationships with various stakeholders. With an office in Singapore, TMX Group will be able to enhance our product and services offering to our rapidly growing roster of Asia-Pacific clients.
- Tom Kloet, CEO, TMX Group

Beyond North America, TMX Group continues to work to increase international interest and participation in Canada’s premier markets through its offices in London, U.K., Beijing and Sydney.


Priming Listed Companies for Environmental and Social Disclosure

Last week, Toronto Stock Exchange (TSX) and Chartered Professional Accountants of Canada (CPA Canada) launched a joint publication titled, A Primer for Environmental & Social Disclosure.

The publication, which updates and expands on information from TSX’s previous edition, presents valuable information for listed companies as investors pay closer attention to business issues relating to environmental and social factors. Some investors now consider how those factors can impact revenues, costs, product offerings, customer and employee loyalty and, reputation. Investors may even look at a listed company’s supply chain.

The primer outlines key principles for environmental and social business conduct. It discusses mandatory disclosure requirements, voluntary reporting, industry-specific key performance indicators and initiatives in other countries.

Toronto Stock Exchange is dedicated to helping its issuers operate successfully in the capital markets. We believe this updated primer provides issuers with a useful tool to assist them with these important environmental and social matters.
Ungad Chadda, Senior Vice President, Toronto Stock Exchange

Reporting on environmental and social issues is evolving both at home and abroad. Disclosure relating to these matters is clearly becoming a vital component to the reporting efforts of a growing number of organizations. It is important that the changing landscape be illustrated for issuers.
Todd Scaletta, a principal with CPA Canada focusing on sustainability and innovation

The publication also summarizes best practices emerging from the Corporate Reporting Awards, which are presented annually by CPA Canada.


New Venture Market to be Launched in South America

Earlier this week, TSX Venture Exchange (TSXV) announced that it has signed an agreement with Chile’s largest stock exchange, the Santiago Stock Exchange (BCS), that will lead to the creation of a new venture exchange division. The BCS’s new junior market – which will be called Santiago Stock Exchange, Venture (BCSV) – will provide a platform for small- and medium-sized enterprises (SMEs) to enhance their access to growth capital from global investors.

The agreement will leverage the experience of TSXV as the world’s leading public venture marketplace specializing in facilitating capital formation for early-stage growth companies. It will also provide the opportunity for TSXV-listed companies to dual-list on the new market.

BCSV will initially focus on capital formation for SMEs in the mining sector.  This will strengthen and create a strong connection between the mining industry and the Chilean capital market. At a later stage, the initiative may expand to other industry sectors.

The Santiago Stock Exchange is taking a huge step forward in terms of innovation and leadership. This agreement will provide us with TSXV’s expertise in implementing and regulating this type of market. We hope that the venture market in Chile generates the same recognition as TSXV.
José Antonio Martínez, General Manager, Santiago Stock Exchange

TSX Venture Exchange is a leading global platform for financing and trading SMEs. The agreement will help foster the growth of the junior market in Chile and will allow TSXV-listed companies to dual-list in Santiago and access capital from Latin American markets.
Tom Kloet, Chief Executive Officer, TMX Group

The Santiago Stock Exchange is seeking regulatory approval for the BCSV with a view to commencing operations in the first half of 2015.


TMX Group Welcomes the International Mining Community to PDAC 2014

TMX Group, one of the world’s leading mining exchange groups, welcomes the international mining community to this year’s Prospectors and Developers Association of Canada’s (PDAC) International Convention, Trade Show & Investors Exchange, being held in Toronto through March 5, 2014.

Toronto Stock Exchange and TSX Venture Exchange are the only truly diversified mining exchanges that support the industry from grass roots explorers to developers and some of the world’s largest producing mining companies. We have a proven track record and are excited to share this with the mining community at PDAC.
Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group

A series of market open ceremonies are planned throughout the week.  Earlier today, TMX Group is hosting a delegation from Peru including the Lima Stock Exchange and dual-listed issuers from both exchanges.  On Tuesday, March 4, TMX Group will host representatives from PDAC.  On Wednesday, March 5, TMX Group will host MineAfrica, which includes delegations from various African countries.

This year, market close ceremonies are also planned at Toronto Stock Exchange (TSX.)  A business and government delegation from Chile will close trading today.  TMX Group will host a delegation from Argentina on Tuesday, March 4 and Mining Matters will close the market on Wednesday, March 5.

On March 3, John McCoach, President, TSX Venture Exchange (TSXV) will be speaking at a seminar hosted by ProChile and the Ministry of Mining of Chile.  Mr. McCoach will also be speaking at a seminar titled, “The Role of Stock Exchanges in Facilitating Capital-Raising” on March 4 and on March 5 he will be speaking at Fasken Martineau’s and the Peruvian delegation’s breakfast seminar titled, “The Growing Relationship between Canadian and Latin American markets”.

TSX and TSXV are the world’s number one listing venue for mining companies.  As at January 31, 2014, the Exchanges were home to 1,612 mining issuers that have a combined market capitalization of $269 billion.