TSX Group CEO Makes Case For Opening North American Markets And Increasing Competition

TSX Group CEO Richard Nesbitt believes that opening up North American markets to full competition would be a “win-win” for both countries. In a speech to the AmCham Canada Annual Meeting, Mr. Nesbitt said that “there would be benefits in both our countries from freer trade in securities – stocks, bonds, futures, derivatives, commodities – and all the services that go with them.”

Mr. Nesbitt added, “If we’re prepared to place our lives and our national security in each others hands with cars and oil and gas – as we are – surely we can find a way to trust each other’s standards to protect our investment dollars.”

There are currently some 200 Canadian issuers inter-listed on U.S. exchanges as well as on Toronto Stock Exchange. TSX Group exchanges are global leaders for the listing and trading of resource and energy issues. TSX Group exchanges have also become leading exchanges for facilitating financing. According to the World Federation of Exchanges, our exchanges are third in the world in terms of financing – behind NYSE and London.

Click here to download Richard Nesbitt's speech.