Montréal Exchange brings options trading to university campuses across Canada

Montréal Exchange (MX), Canada’s derivatives exchange, yesterday marked the launch of trading in its Options Trading Simulation contest.

A key part of MX’s derivatives education initiatives, the Options Trading Simulation contest offers undergraduate university students the opportunity to gain virtual experience in the Canadian options market. Using the TMX Trading Simulator, student teams create their own options portfolios and deploy various mandated trading strategies over the course of the eight week session. For this fall’s session, the fifth edition of the contest, participation levels continued to grow across the country with close to 1,800 teams registered, a 50% increase from this year’s spring session. Over 2,800 students from a total of 36 Canadian universities are competing for $17,500 in prizes. Several universities now also include the contest in their derivatives curricula and on-campus investment clubs.

We are very proud of the national success of our educational initiatives. The Options Trading Simulation contest is helping to demystify derivatives trading and enable the next generation of professional and non-professional Canadian investors to better manage their portfolios.

- Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives Markets, TMX Group

The Options Trading Simulation contest runs from September 29, 2014 to November 21, 2014. For more information please visit www.m-x.ca/sim. The TMX Trading Simulator is featured on the TMX Capital Markets Learning Centre website at www.tmx-edu.com.


TSX/SDTC Cleantech Investor Day Promotes Vibrant Sector

Last week, Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) hosted their 8th Cleantech Investor Day – an institutional investor-focused series that was first launched in 2008. In partnership with Sustainable Development Technology Canada (SDTC), and supported by sponsors McMillan LLP and MNP LLP, the half-day event shined a light on Canada’s clean technology sector, a powerful economic opportunity for our country and an industry on the rise in multiple jurisdictions across the world.

The TSX/TSXV Investor Day series is relatively unique in Canada in that it gives both public and private companies, across all sectors, an opportunity to tell their story to a broad range of representatives from the capital markets. This year’s TSX/SDTC Cleantech Investor Day showcased the strength of the Canadian clean technology and renewable energy industry, and welcomed five public companies and six private companies from the sector, representing a broad range of service and product offerings, geographies and stages of development. Here is a list of the companies that presented at the event:

  • dPoint Technologies Inc. (privately held)
  • Pure Technologies Ltd. (TSX:PUR)
  • Pulse Energy Inc. (privately held)
  • 5N Plus Inc. (TSX:VNP)
  • Enerkem Inc. (privately held)
  • Hydrogenics Corporation (TSX:HYG)
  • GaN Systems Inc. (privately held)
  • OneRoof Energy Group, Inc. (TSXV:ON)
  • Endurance Wind Power Inc. (privately held)
  • DIRTT Environmental Solutions Ltd. (TSX:DRT)
  • Temporal Power Ltd. (privately held)

As a result of a strong speaker list and continued investor interest in the sector, the event had a standing-room only audience of over 120 capital market professionals, including institutional investors, equity research analysts, investment bankers and venture capitalists.

The clean technology and renewable energy sector on TSX and TSXV is vibrant and growing. Taken together, the exchanges are home to over 115 cleantech companies – more than any other exchange in the world. Halfway through 2014, the sector reached its highest ever month-end market value of $27 billion. As at the end of July, there have been eight initial public offerings and new listings in the last 12 months*. TSX- and TSXV-listed companies in the sector raised more than $1.5 billion in growth capital so far this year, marking the sixth consecutive year where capital formation in the sector was above $1 billion.  Notably,  the S&P/TSX Renewable Energy and Cleantech Index has outperformed the S&P/TSX Composite, the S&P/TSX 60, and several global cleantech benchmarks year-to-date in 2014 and over the last three years.**

If the event’s attendance numbers and the sector’s statistics are an indication, cleantech is alive and well in Canada and the buy-side is energized by the various investment opportunities.


* As at July 31 2014, five companies listed on TSX and three companies listed on TSXV since August 2013.

** As at August 31, 2014; returns based on total returns, per S&P Dow Jones.

“S&P”, as part of the composite mark of S&P/TSX which is used in the name the S&P/TSX Composite Index, the S&P/TSX 60 Index and other S&P/TSX indices, refers to a trade-mark of Standard & Poor’s Financial Services LLC and is used under license by TSX Inc.

TSX Ignite Continues Live Events in Halifax

Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) continued the TSX Ignite live event series in Halifax yesterday. Launched earlier in 2014, the national program is designed to help support the growth and development of small- and medium-sized enterprises (SMEs) in Canada by providing companies with information, insight and tips on how to build great businesses.

The first in a series of seven live events for TSX Ignite kicked off at the MaRS Discovery District in Toronto last month to a sold-out audience of over 250 attendees. The live events component of the program bring together leading banking, legal and accounting advisors to share experiences and best practices with entrepreneurs at all stages and from all sectors.

The Halifax live event topics included keys to raising capital, important building blocks for success and common mistakes to avoid. Below is a look at the event’s panel topics and participants:

  • “Must Do” Tips for Raising Capital – Daniel Holland, Executive Vice Chairman & Managing Director at Beacon Securities Limited; Max Satel, Director, Investment Banking at Mackie Research Capital Corporation; and Ross Marshall, Senior Vice President, IPO Roadshows, TMX Equicom.
  • Fireside Chat – Robert Orr, CEO and Managing Director at Cuna del Mar and John Risley, President and CEO at Clearwater Fine Foods Inc.
  • Four Practices to Make Your Company Better – Dan Jennings, Partner, BDO; Glenn Jessome, Principal, JESSOMELAW; Allen Jenkins, Partner, PwC; and Colleen Keyes, Partner at McInnes Cooper.
  • The DHX Growth Story – David Regan, DHX Media Ltd.

TSX and TSXV worked with leading experts and advisors across Canada to assemble value-added information for companies and entrepreneurs at all stages of growth and from all sectors, both private and public. Over 20 Canadian law firms, accounting firms and investment banks collaborated to provide input and content on all aspects of the program. Several industry organizations are also helping to promote TSX Ignite across Canada.

Click here to see a list of sponsors and partners supporting TSX Ignite.


The next TSX Ignite event will be held in Edmonton on October 8, 2014, Calgary on October 9, 2014, and Vancouver on November 4, 2014.

Essentials for Great Canadian Companies at Your Fingertips

TSX and TSXV launched TSX IgniteTM earlier this year – a national program designed to help Canadian companies grow and develop, with a primary focus on small and medium-sized enterprises (SMEs).

The program provides companies and entrepreneurs – at all stages of growth and from all sectors, both private and public – with tools and resources to help them reach their full potential. TSX and TSXV worked with leading experts and advisors from across Canada to assemble information and best practices. Over 20 Canadian law firms, accounting firms and investment banks collaborated to provide input and content on all aspects of the program.

TSX Ignite consists of two main components:

  • Live events held in seven cities across the country to provide free information relevant to a company’s growth plans, including tips on raising capital and factors to consider when growing a company and hiring advisors. Three live events have been held so far this year, kicking off in Toronto last April. More than 530 entrepreneurs, managers and owners of SMEs have registered to attend to date, with the next event scheduled in Halifax on September 16th.
  • The website, tsxignite.com, is home to the program’s Learning Channel and other resources. Canadian entrepreneurs can participate in online courses and gather expertise in 60-second videos from high-profile Canadian business leaders.

The Learning Channel consists of four online courses: Attracting Investors; Why Governance Matters; Best Practices for Financial Controls and Growth; and Acquisitions for Growth. These webinars feature leading figures in the Canadian business landscape that provide their insight on how to build and grow great companies.

Entrepreneurs are pioneers that like to create their own destiny. Yet seeking business advice from seasoned experts is important to any business owner, whether they are just starting up or well established. Through the Learning Channel, we have assembled what we think is useful expert information that will prove beneficial to any ambitious entrepreneur.

To learn more, please visit tsxignite.com.

 


CSCS’ 2014 Excellence in Governance Awards Winners Announced

The Canadian Society of Corporate Secretaries (CSCS) recently announced the winners of the 2014 Excellence in Governance Awards, which were presented as part of the opening gala of the CSCS’ 16th Annual Corporate Governance Conference in Banff, Alberta last month.

As the Canadian business landscape has shifted over the years, public, private and non-profit companies are paying greater attention to the way they conduct business and their social responsibilities as corporate citizens. Now in their second year, the awards celebrate the many contributions that Canada’s top governance professionals made – and continue to make – to their organizations and, by extension, the country’s economy and capital markets by implementing, among other things, effective governance, risk and compliance practices. Organizations with effective governance processes are also recognized and celebrated.

TMX Equity Transfer Services, a division of TSX Company Services, was pleased to sponsor and present the first award of the evening, which was given to a Canadian company that was deemed to have the best sustainability, ethics and environmental governance program. Entrants were judged on the quality, consistency, robustness and clarity of corporate social responsibility programs and reporting. This year’s winner in this category was ATB Financial.

The 2014 Excellence in Governance Award winners were selected by a jury panel selected by the CSCS and composed of ten seasoned and well-respected governance experts from across Canada, having each contributed in significant ways to corporate governance and strategic leadership in their respective organizations.

Click here for the full list of this year’s Excellence in Governance Awards winners.


Batter up! TMX Group CEO Throws Opening Pitch

Tom Kloet, Chief Executive Officer, TMX Group, took to the hill yesterday to throw the ceremonial first pitch at the Toronto Blue Jays game. Tom is a big fan of America’s pastime, and was thrilled to open things up ahead of a riveting game against American League East rival, the Boston Red Sox.

A commanding presence on the mound, over 140 TMX Group employees were among more than 25,000 fans to witness Tom’s perfect knee-high strike.

Tom (middle) with Ace (left) and Toronto Blue Jays pitcher, Mark Buehrle (right)


Canadian Innovation Sector on the Upswing

Earlier this month, our resident technology expert, Michael Kousaie, Head, Business Development (Technology) at Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), contributed a spotlight article about the innovation sector* to TechVibes, Canada’s leading technology news property. The editorial titled “Technology Resurgence on Canadian Public Markets Gives Companies New Funding Options” takes a close look at the state of (and outlook for) technology and innovation companies listed on TSX and TSXV, as well as the innovation sector’s performance so far in 2014.

Below is a brief selection from the article:

Some of the world’s most exciting technology and innovation companies are being founded, built, and funded in Canada—and investors from around the world are taking notice. These investors, though, aren’t just venture capitalists. As companies with an impressive depth of talent and dynamism turn to public markets to help them achieve their growth plans, demand is growing among public investors seeking to diversify their investments beyond typically dominant sectors such as mining and oil.

Click here to read the editorial in full.


*The innovation sector is comprised of the technology, clean technology, renewable energy, and life sciences sectors.

Monthly Insight into Your Exchange

We operate in a fast-paced, ever changing environment. No matter what business you are in, the simple fact remains that staying current is not only important – it is necessary. Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV)’s Market Intelligence Group (MiG) provides detailed market information through a monthly publication called The MiG Report. The Report provides year-to-date data on listings, equity financings and trading activity across TSX and TSXV, broken down by sector and region. With both monthly and full-year data reports going back to 2008, the MiG Report helps listed companies, analysts and other market participants get a full view of activity taking place on Canada’s capital markets.

Listed below are some of the statistics available through the MiG Report:

  • Year-to-date going public activity and new listings, both domestic and international
  • Equity capital raised by sector on TSX and TSXV
  • Comparison of major index performance
  • Trading volumes by sector on TSX and TSXV
  • Top 10 financings on both equities markets for the month and year-to-date
  • Sector snapshots

The MiG team also provides detailed lists of all listed companies on TSX and TSXV, including international and dual-listed companies, as well as up-to-date records of year-to-date new listings and a report of Capital Pool Companies (CPC) that have not announced their Qualifying Transactions.

Click here to view the latest MiG Report (June 2014) and other lists. If you would like to have the MiG Report delivered directly to your inbox each month, please register here: http://www.tmx.com/en/mig/register.html


Celebrate A Company Milestone with a Market Open Ceremony

Whether a company is celebrating a new listing on Toronto Stock Exchange (TSX) or TSX Venture Exchange (TSXV) or a subsequent corporate milestone, we are delighted to host their Market Open Ceremony* at the TMX Broadcast Centre in the heart of Toronto’s financial district.

Listing on TSX or TSXV is one of the most exciting days in a businesses’ growth for both staff and shareholders. To mark the occasion, we invite new listings to ‘Open the Market’ with Canada’s capital markets as their backdrop. In addition, if a company is issuing a new ETF, celebrating a corporate milestone, or a notable anniversary, the Market Open Ceremony can be an excellent opportunity to celebrate recent successes.

Calgary-based Prairie Sky Royalty Ltd. (TSX:PSK), for instance, celebrated their initial public offering (IPO) on TSX in May 2014 with a Market Open Ceremony. At nearly $1.5 billion, Prairie Sky’s IPO was the second-largest public offering in the history of the exchange. The company’s President and CEO joined Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group, and Tom Kloet, CEO, TMX Group, to open the market to celebrate their listing on TSX.

WestJet Airlines Ltd. (TSX:WJA) celebrated an important corporate milestone with a Market Open Ceremony. The company first listed on TSX in 1999 and marked the 15thanniversary of being a publicly listed company with a market open. WestJet also held their annual general meeting (AGM) in the TMX Gallery on the same day, the company’s first AGM outside of Calgary.

Traditional and Social Media Coverage

Media can be invited to attend the ceremony and our fully-equipped, state-of-the-art TMX Broadcast Studio can be made available for media interviews. Following a Market Open Ceremony, the TMX Broadcast Studio can be used to launch a media campaign to raise a company’s profile in the investment community.

Market Open Ceremonies are featured on business news, such as the Business News Network, and showcased on TMX Group websites including TMXmoney.com, Canada’s trusted financial portal with over one million visitors each month to gather timely information about North American capital markets.


Market Open Ceremony is subject to availability and approval.

Celebrating the 2014 TMX Charity Golf Classic

Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) yesterday hosted the 3rd Annual TMX Charity Golf Classic in beautiful Vancouver, British Columbia. Held at the University Golf Club, the event brought together more than 140 securities industry participants to network, socialize and – just as importantly – help raise funds for charity.

After two successful years, the TMX Charity Golf Classic has raised almost $200,000 to support Learning Disabilities Association of Vancouver, Canadian National Institute for the Blind (CNIB) and Room to Read. Proceeds from this year’s tournament will once again go to these organizations.

Now in its third year, we are pleased to once again be hosting the TMX Charity Golf Classic. It’s a great event that brings together friends and clients of TMX Group to participate in a fun day of golf and activities, while supporting worthwhile causes in our community and beyond.
– John McCoach, President, TSX Venture Exchange

TSX and TSXV would like to thank all of our sponsors, capital market partners, prize donors and participants for making the tournament an overwhelming success. It was a terrific day of golf and supporting our community, and we look forward to another successful tournament next year.


Thank you to the nearly 40 sponsors who helped make this possible. This year’s sponsors include Blake, Cassels & Graydon LLP (Blakes), TSX, and TSXV (Diamond sponsor); Adventus Realty Services Inc., Boughton Law Corporation, Cassels Brock & Blackwell LLP, Chase Management Ltd., MNP LLP, Orca Gold Inc., and Western Potash Corp. (Platinum sponsors); Cannacord Genuity Corp., DuMoulin Black LLP, Fiore, Haywood Securities Inc., Laughing Stock Vineyards, New Gold Inc., RBC Foundation, and Varshney Capital Corp. (Gold sponsors); Fasken Martineau DuMoulin LLP and Sangra Moller LLP (Hole in One sponsors); Kreller Group, Lawson Lundell LLP, McMillan LLP, Morton Law LLP, Office Team (a Robert Half Company), and Raymond James Ltd. (Silver sponsors); and Ernst & Young LLP, MicroAge, and Starcore International Mines Ltd. (Bronze sponsors).

Click here to see a complete list of this year’s sponsors.