Thursday August 4 2016

News Source: Global Exchanges

Focus: Other

Type: General




TMX Group Limited has announced a business integration initiative that is designed to advance the company`s evolution as a client-driven solutions provider to the Canadian and global capital markets. The objective of the initiative is to align, simplify and integrate relevant systems and operations to both lower the cost base and make TMX more nimble and adaptive.

The first phase of TMX`s integration initiative will address the technology and operations of its cash and derivatives clearing businesses, The Canadian Depository for Securities Limited (CDS) and the Canadian Derivatives Clearing Corporation (CDCC), subject to regulatory approval where required.

Both CDS and CDCC will continue to maintain the strong and focused approach to risk management for which they are known.

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