New shareholder voting prototype serves as next step in TMX's emerging digital strategy
TORONTO, April 6, 2017 /CNW/ - TMX Group today announced a new
Distributed Ledger Technology (DLT) prototype as part of its strategy to maximize efficiencies and solve day-to-day client
challenges across its various business areas. The company developed the electronic shareholder voting system prototype based on
DLT, more commonly known as blockchain technology, in collaboration with Accenture, a leading global professional services
company.
Designed as a public company solution for TSX Trust, TMX's transfer agency and corporate trust services provider, the E-Proxy
Voting System prototype aims to significantly improve the efficiency and accuracy of the voting process during annual shareholder
meetings, while also enhancing security through advancements in cryptography. The introduction of a blockchain-based system will
also help increase engagement in corporate governance actions by removing the need for shareholders to be physically present
during the voting process. Accenture was engaged by TSX to provide design and development consulting services to create the
prototype.
"TSX Trust is excited to be at the forefront of meaningful progressive change in our industry and to provide our valued
clients with leading edge tools to enable them to better serve their shareholders and fulfill their public company obligations,"
said Loui Anastasopoulos, President, TSX Trust and Managing Director, TSX Company Services, TMX
Group.
John Lee, Vice-President, Innovation and Enterprise Delivery, TMX Group added: "TMX is proud of
the work we have done with our innovative partners at Accenture to develop this blockchain prototype. We continue to explore ways
TMX can leverage these new technologies in pursuit of tangible, transformative business solutions for our clients. "
"Leading-edge exchanges around the world are embracing the potential for blockchain technology to reinvent client services,"
said David Treat, managing director of Accenture's financial services industry blockchain
practice. "TMX's approach aligns with our vision and commitment to making blockchain technology a paradigm-shifting reality
within the capital markets sector."
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, 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) as well as in London,
Beijing and Singapore. For more information about TMX Group,
visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
SOURCE Toronto Stock Exchange
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