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.

New TSX Company Services Manual Available Now

Companies listed on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) have unique needs. Public companies need to understand the intricacies of Canadian equities markets and corporate governance matters, to reach shareholders and the investment community effectively while continuing to learn and remain compliant with the evolving marketplace.

The TSX Company Services portfolio supports the growth of TSX and TSXV-listed companies at any stage in their development. With over 160 years serving public companies, the exchanges offer a suite of products and services that are designed to support your business. TSX Company Services helps public companies understand your stock’s trading activity on our equities marketplaces; target the investment community to better understand your business environment; connect with current or potential investors to grow your business; learn about your marketplace to keep apprised of developments in a fast-changing landscape; and receive information and services to help you navigate complex transactions, policies and regulations that public companies face. Learn more about the tools and services available to your business by reading the new TSX Company Services Manual.

In all we do, our team is focused on supporting a vibrant marketplace for your company’s public listing. The TSX Company Services team is committed to providing value by bringing greater awareness to listed companies and the marketplace, helping maintain the integrity of TSX and TSXV, and delivering a suite of products and services designed to meet your company’s needs as they evolve.

Learn more at tsxcompanyservices.com

Equity Markets Report: Update from TSX and TSXV

Today, a Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) sponsored equity markets report was published in Canadian Business magazine and online. The report provides fresh insight into activity on TSX and TSXV during the latter part of last year and during the first quarter of 2014.

Some of the topics covered in the report include:

  • Private equity finds an exit through TSX and TSXV – With the recent strength in the equity market, private equity (PE) firms have been increasingly looking to Canada’s leading public equities markets to monetize their holdings.
  • Domestic market, global focus – Several companies have set their sights on TSX and TSXV to raise all-important equity capital to help achieve their business goals, both in Canada and around the world. DIRTT Environmental Solutions Ltd. (TSX:DRT) and Lumenpulse Inc. (TSX:LMP) are two examples.
  • Using options as investment tools – Some investors may not realize that derivatives products, such as options, have a variety of applications. Although not without risks, investors can use options to potentially optimize returns on capital, for example, and to help protect their assets from volatility that has become commonplace in the global economy.
  • TSX Ignite: Essentials for great Canadian companiesTSX IgniteTM is a new 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 – with tools and resources to help them reach their full business potential.

We are also thrilled to welcome new listings to TSX and TSXV, including newly listed companies, Capital Pool Companies (CPCs), exchange traded products and structured products. A warm welcome to all newcomers! Click here to see the complete list.

To view these articles and others, visit canadianbusiness.com/exchange.

Celebrating the 2014-2015 Canadian Derivatives Exchange Scholars

Each year, the Montréal Exchange (MX) awards scholarships to support graduate and post-graduate students enrolled in Canadian-based universities who undertake research projects related to derivatives, financial risk management or another subject related to MX operations.

Launched in February 2012, the Canadian Derivatives Exchange Scholars Program is awarded to students whose projects are evaluated by a panel of five judges, based on a set of criteria such as originality and innovation. This is the first academic year for which we doubled the number of scholarships available, as well as awarding them to students outside of the province of Québec. Listed below are this year’s recipients.

Two graduate students have been awarded scholarships of $15,000 for the 2014-2015 program year:

  • Florian Piermattei, M.Sc. student in finance at HEC Montréal. The topic of his research project is the introduction on the Canadian market of a volatility index on interest rate products.
  • Denis-Alexandre Trottier, M.Sc. student in financial engineering at Université Laval. The topic of his research project is the counterparty credit risk in catastrophe bonds.

Two post-graduate students have been awarded scholarships of $20,000 for the 2014-2015 program year:

  • Yaovi Gassesse Siliadin, Ph.D. student in financial engineering at HEC Montréal. The topic of his research project is the heterogeneity of credit rating categories and the credit spread puzzle.
  • Shengzhe Tang, Ph.D. student in finance at University of Toronto. The topic of his research project is liquidity and market making cost dynamics in the equity option market.

Congratulations to these students! We wish them well as they complete their academic research projects in the forthcoming academic years.

TMX Group launches TMX Quantum XA on Toronto Stock Exchange

TMX Group today announced the successful launch of its  award-winning, high performance equity trading engine, TMX Quantum XA™ on Toronto Stock Exchange.

We have reached a major milestone in our technology history. We are very proud to have set this organization on a bold new technology path and delivered the best trading platform in the world.
– Brenda Hoffman, Senior Vice President, Group Head of Information Technology, TMX Group

Customer feedback from the initial phases of the TMX Quantum XA implementation has been exceedingly positive. We have set a new standard in our competitive global industry for the quality and efficiency of TMX Group’s equities markets. As a result, Canada is better positioned to compete for global capital flows.
– Kevan Cowan, President of TSX Markets and Group Head of Equities, TMX Group

Last month, TMX Quantum XA received the “Sprott School of Business at Carleton University Outstanding Product Achievement Award” at the 29th Annual CATAAlliance Innovation and Leadership Awards. The award recognizes outstanding technology engineering and the development of a world-class product which enhances Canada’s international reputation for innovation and excellence.

The launch of TMX Quantum XA on Toronto Stock Exchange is a true feat of innovation. Today we salute the combined efforts of our technology and equity markets teams to propel our trading technology to the forefront of the exchange industry.
– Thomas Kloet, CEO, TMX Group

Introducing the S&P/TSX 60 ESG: A Sustainable Version of Canada’s Premier Benchmark

S&P Dow Jones Indices, RobecoSAM and Toronto Stock Exchange (TSX) today announced the launch of the S&P/TSX 60 ESG (Environment, Social and Governance) index. The new Index is designed to track the performance of the constituent companies of the S&P/TSX 60, Canada’s leading equity benchmark, while taking into account each company’s sustainability performance relative to the corresponding industry-specific standards. RobecoSAM, the investment specialist focused exclusively on Sustainability Investing, evaluates companies’ sustainability profiles using their proprietary assessment methodology.

The S&P/TSX 60 ESG index is designed for market participants who currently use the S&P/TSX 60 and are looking to deepen the scope of their stock analysis to include sustainability criteria.  The construction methodology is based on the S&P/TSX 60, while companies’ sustainability profiles are evaluated using the RobecoSAM Corporate Sustainability Assessment (CSA). Companies are then re-weighted according to their sustainability score, meaning those with a higher score are weighted higher in the S&P/TSX 60 ESG index than in the S&P/TSX 60.

Click here to learn more about the S&P 60 ESG.

S&P is the trademark of S&P Dow Jones Indices LLC, a part of McGraw Hill Financial.

Transatlantic Connection: Promoting Canadian equities and derivatives markets in London

Toronto Stock Exchange (TSX) and Montréal Exchange (MX) were in London, U.K. earlier this week to host the 3rd annual Trade Canada conference. The event was designed to help raise awareness of trading opportunities in the Canadian capital markets, strengthen relationships with international partners and encourage new business opportunities.

With the support of our sponsors – ITG, Jitneytrade, Société Générale and TD Bank Group – the half-day event brought together market experts who shared their perspectives on multi-class trading opportunities in Canadian fixed income, equities and derivatives. The event opened up with Avery Shenfeld, Managing Director and Chief Economist at CIBC World Markets Inc., who provided his global and North American economic outlook and the implications for Canadian equities.

While in London, TSX also hosted a TSX Investor Day, which showcased five TSX-listed companies from a range of sectors:

  • Bombardier Inc. (BBD.B);
  • Agrium Inc. (AGU);
  • Whitecap Resources Inc. (WCP);
  • Keyera Corp. (KEY); and
  • CGI Group Inc. (GIB.A).

The luncheon event gathered a diverse audience, including asset allocation managers, portfolio managers, buy-side analysts, representatives of sovereign wealth funds and selected financial media, and positioned TSX and TSX Venture Exchange (TSXV)-listed companies as investment opportunities for institutional investors that deploy capital on a global basis.

The U.K. market is important to TSX, TSXV and MX, as well as to our businesses providing complementary services, including TMX Atrium® and TMX Datalinx®. The market represents an important facet of our growth strategy for our equities, derivatives and information services businesses. The TMX office in London is both symbolically and strategically significant to bring attention to investment opportunities that can be found in Canada, while also helping us to better serve our U.K.-based clients.

With over 280 international listings on TSX and TSXV, the exchanges are ideal platforms for companies to access capital and for investors to discover new investment opportunities. More than 114 billion shares were traded on the exchanges in 2013, which represents a total value of over $1 trillion. Altogether, an estimated 40% of all trading on TSX and TSXV originates from outside Canada. Our country’s financial derivatives market also continues to grow. MX set a new overall volume record in 2013 of 66.2 million contracts traded, and this momentum carried over to the first quarter of 2014, with MX volume up 6% over the same quarter last year.

TSX Ignite Live Event in Montreal

Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) continued the TSX Ignite live event series in Montreal last Friday. Launched earlier this year to a sold-out crowd at the MaRS Discovery District in Toronto, the program is designed to help support the growth and development of small- and medium-sized enterprises (SMEs) in Canada by providing companies with information, motivation and tips on how to build great businesses.

The Montreal live event topics included how to raise capital, key practices to make your business better and common mistakes to avoid for SMEs. The event’s keynote speaker was Andrew Molson, Chairman of RES PUBLICA Consulting Group, who talked about what it takes to be a successful business owner and shared key practices that have served him well during his career. In addition, Eric Boyko, co-founder of Stingray Digital, sat down with Mariouche Gagné, President and Designer of Harricana, to discuss media strategies that can help enhance a business’ visibility, as well as their own experiences as entrepreneurs.

TSX and TSXV worked with leading experts and advisors across Canada to assemble 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.

The next TSX Ignite event will be held in Halifax on September 16, 2014, and the live series will continue in EdmontonCalgary and Vancouver later in the fall.

Montréal Exchange to Introduce Futures Contracts on the FTSE Emerging Markets Index

Montréal Exchange Inc. (MX), Canada’s derivatives exchange, today announced the introduction of a new futures product based on the performance of the FTSE Emerging Markets Index. The new product is designed to help investors manage risk in emerging markets equities. Scheduled to begin trading on June 13, 2014, the FTSE Emerging Markets Index Futures (MX-EMF) are targeted at a wide range of market participants seeking exposure to emerging markets for hedging, asset allocation, speculative and arbitrage purposes.

Global investor interest in emerging market equities is again on the rise and with this increased participation comes the need for effective risk management and hedging tools. We are proud to add FTSE Emerging Markets Index Futures (MX-EMF) to our spectrum of index derivatives products and bring new investing opportunities in this space to our core Canadian clients as well as our growing international customer base.
- Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives Markets, TMX Group

The constituents of the FTSE Emerging Markets Index include large and mid-cap securities from advanced and secondary emerging markets, classified in accordance with FTSE’s transparent Country Classification Review Process. The FTSE Emerging Markets Index provides investors with a comprehensive means of measuring the performance of the most liquid companies in the emerging markets.

The FTSE Emerging Markets Index covers a broad geographic spectrum across industry sectors, meeting the growing demand from investors looking to access these growth markets. We are delighted that Montreal Exchange has chosen to licence the FTSE benchmark for its new derivatives contract, which is compiled in line with our transparent methodology and independent governance structure.
- Mark Makepeace, CEO of FTSE Group

MX has a proven track record of delivering innovative and flexible products that keep pace with the evolving needs of the marketplace. This new futures product expands our presence and enhances our profile in key international markets.
- Thomas Kloet, CEO, TMX Group

For more information about the product, please visit www.m-x.ca/produits_indices_emf_en.php

Improvements to TMXmoney® Allow for Transparency and Ease of Access

TMXmoney.com is a financial portal for timely and accurate financial information about the capital markets. It’s where retail investors go for information about Canadian and U.S. capital markets, providing coverage of equities, fixed income, indices, ETFs, mutual funds, futures, options, commodities and currencies data.

Introducing Canadian Consolidated Quotes on TMXmoney

For securities listed on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), there are a number of additional marketplaces where these securities can be traded, including TMX Select, Alpha, Chi-X Canada, CX2, Lynx, Omega, Pure and TriAct. In addition to TSX InfoSuite, the consolidated view of trading on these markets is now available when you request a stock quote on TMXmoney.com. The consolidated trading volume for all of these equity trading marketplaces is displayed, along with the last trade amount and the consolidated best bid and ask amounts.

Another feature available from TSX InfoSuite, and now found on the TMXmoney quote pages, is a “Canadian Consolidated Montage.” This feature will display the trading activity for a company’s stock for each individual equity trading marketplace. This unique level of quote detail – showing Last Trade Price, Bid, Ask, Open, High, Low, Volume, % of total consolidated Volume, Price Change, % Price Change and Last Trade date/time stamp – will provide unmatched quote and trading activity transparency on Canada’s equity marketplaces.

New Features on TMXmoney Mobile

To access financial information on-the-go, the TMXmoney mobile website optimizes many of the most popular features of the desktop version, making it one of the most comprehensive mobile web financial portals covering North American markets.

The new mobile version of TMXmoney allows us to provide our diverse set of capital markets information directly to our investing-focused audience who are looking for a portable option.
– Eric Sinclair, President, TMX Datalinx and Group Head of Information Services, TMX Group

Key features of the new TMXmoney mobile version include:

  • Detailed quotes and charting optimized for viewing on a mobile device
  • Smart lookup functionality for quickly finding stock quotes
  • Recently viewed list of stock quotes with last trade price and change
  • Company data (news, profile data, balance sheets, income statements, cash flows)
  • Historical price data (last 25 trades, price history, history snapshot)
  • Options data for current and future expirations
  • Portfolio management tools (synchronized with desktop site through single sign-on)
  • Ability to setup and manage Alerts (also synchronized through single sign-on)
  • Stock screener optimized for viewing on a mobile device
  • Mobile application-like navigation

TMXmoney Mobile has been optimized for display on the iPhone, iPad, Android and BlackBerry devices, and is available at: mobile.tmxmoney.com.

Information on TMXmoney is 15-minute intraday delayed.