New business to provide private companies with efficient access to
investors
TORONTO, March 25, 2014 /CNW/ - TMX Group today announced plans to
launch a business to facilitate capital raising and the trading of
securities in the exempt market. The new business, which is called TSX
Private Markets, enables TMX Group to serve companies throughout their
evolution from start-up, to private issuer, to public issuer.
"TMX Group has long demonstrated a commitment to innovation across our
markets in terms of the products, services and technology offerings we
provide to customers," said Tom Kloet, CEO, TMX Group. "Today we are
proud to announce the development of an exciting new service for
Canadian private companies, which is evidence both of our
organization's depth of expertise and our eagerness to serve these
companies."
TSX Private Markets will be operated by Shorcan Brokers Limited, a
wholly-owned subsidiary of TMX Group and a registered Exempt Market
Dealer. TSX Private Markets will provide a voice-brokered service,
offering capital formation and secondary trading of both private and
public companies in the exempt market. Customers, who will include
registered dealers, accredited investors and other exempt investors,
will benefit from access to unique investing opportunities.
"Working with registered dealers, the launch of TSX Private Markets will
assist private companies in accessing capital in the key early stages
of their development," said Kevan Cowan, President, TSX Markets and
Group Head of Equities, TMX Group. "On the execution side, we believe
that private markets in Canada stand to benefit from and complement the
proven success of our premier public markets."
TSX Private Markets is expected to launch in the third quarter of 2014,
subject to final regulatory approval. For more information, please
visit www.tsxprivatemarkets.com.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and
clearinghouses for multiple asset classes including equities, fixed
income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX
Select, Alpha Group, The Canadian Depository for Securities, Montréal
Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options
Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group
companies provide listing markets, trading markets, clearing
facilities, depository services, data products and other services to
the global financial community. TMX Group is headquartered in Toronto
and operates offices across Canada (Montréal, Calgary and Vancouver),
in key U.S. markets (New York, Houston, Boston and Chicago) as well as
in London, Beijing and Sydney. For more information about TMX Group,
visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE TMX Group Inc.
