Value of services provided by Canada's securities depository measures
favourably versus peers
TORONTO, July 13, 2016 /CNW/ - The Canadian Depository for
Securities (CDS), a wholly-owned subsidiary of TMX Group, today released the findings of a new study conducted earlier this year by
Butterill and Associates that compared pricing among the world's leading central securities depositories (CSDs).
According to the study, CDS is "an extremely low priced provider of clearing and settlement services" and in terms of custody,
the study concluded that "CDS continues to be extremely competitive in most areas from a pricing/cost perspective for both equity
and debt securities." The study included fee and cost of use comparisons for CDS and 12 of the world's major CSDs across North and
South America, Europe, Australia, Asia and Africa, in the areas of
clearing, settlement, custody and corporate actions processing for equity and debt instruments.
John McKenzie, Chief Financial Officer, TMX Group and President of CDS added: "In keeping with
CDS's commitment to supporting healthy, efficient and competitive Canadian capital markets, we regularly benchmark ourselves
against our global peers. In an effort to provide our stakeholders with better insight and transparency into how we compare, we are
pleased to share this study with the industry and public at large."
To read the full study, please click here.
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, TSX Alpha Exchange, The Canadian Depository
for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options
Exchange, Shorcan, Shorcan Energy Brokers, AgriClear 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,
Singapore and Sydney. For more information about TMX Group, visit
our website at http://www.tmx.com. Follow TMX Group on Twitter:
@TMXGroup.
SOURCE Toronto Stock Exchange
