TMX signs 2 MOUs to connect N.A., Chinese bond markets
EARLIER THIS week, TMX Group Ltd. senior executives met with Chinese government officials and business leaders to further relationships in the region as well as TMX Group’s client-focused global growth strategy.
During the visit, TMX Group signed a forward-looking memorandum of understand ing wit h Shang hai Clearing House, which builds on almost two years of close collaboration between TMX Group and Shanghai Clearing House. TMX Group’s relationship with Shanghai Clearing House supports foreign institutional investor access to Chinese markets, provides for the parties’ mutual support toward obtaining regulatory and government approvals, and affirms TMX Group’s and Shan ghai Clear ing House’s collective desire to create an efficient linkage between North American and Chinese bond markets.
TMX Group has also entered into a memorandum of understanding with China Central Depository & Clearing Corp. Ltd. (CCDC), pursuant to which the two parties intend to initiate a feasibility study of mutual access models, work together to increase understanding of the respective businesses, and evaluate future trade opportunities.
“TMX is encouraged by the progress made so far with our dedicated partners in China, as we work to connect North American investors with the deep and liquid bond markets in China,” commented Lou Eccleston, chief executive officer of TMX Group. “These relationships represent an important milestone in TMX’s global expansion efforts, as we continue to seek out entry points into new markets and geographies, and explore opportunities to deliver valuable solutions to our clients.”
“We are honoured to be working with Shanghai Clearing House and China Central Depository & Clearing Corp., and look forward to exploring business opportunities together as we deepen our understanding of the Chinese market,” commented Glenn Goucher, chief clearing officer and president, CDCC and CDS, TMX Group.
About TMX Group Inc.
TMX Group’s key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes, including equities and fixed income. TMX Group is headquartered in Toronto, and operates offices across North America (Montreal, Calgary, Vancouver and New York) as well as in key international markets, including London, Beijing and Singapore.
Luc Bertrand, Denyse Chicoyne, Louis Eccleston, Christian Exshaw, Marie Giguere, Jeffrey C Health, Martine Irman, Harry Arved Jaako, Lise Lachapelle, William W Linton, Jean Martel, Peter Pontikes, Geraldine Bonnie Sinclair, Kevin Michael Sullivan, Anthony Peter Walsh, Eric M Wetlaufer, Charles M Winograd, Michael Wissell
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