TMX signs 2 MOUs to con­nect N.A., Chi­nese bond mar­kets

Stockwatch Daily - - FINANCE - Mr. Lou Ec­cle­ston re­ports

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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