With the acquisition of the Natural Gas Exchange, based in Calgary, in 2004, Mr. Nesbitt said that "We expect to be an even bigger energy player in the future." He added, "Our acquisition of NGX fleshes out our role as an integral part of the energy industry's financial infrastructure."
Mr. Nesbitt added that NGX not only provides TSX Group with a unique platform to expand the trading of energy contracts but offers opportunities in both financial derivatives and clearing and settlement while helping to build a new customer base south of the border.
Please click here to read Mr. Nesbitt's remarks.
About TSX Group Inc. (TSX-X)
TSX Group operates Canada's two national stock exchanges, Toronto Stock Exchange serving the senior equity market and TSX Venture Exchange serving the public venture equity market as well as Natural Gas Exchange (NGX), a leading North American exchange for the trading and clearing of natural gas and electricity contracts. TSX are the initials attached to the core equity operations of the TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture Exchange, TSX Markets, TSX Datalinx, TSX Technologies. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.