TSX Group CO-CEO Speaks In Mexico - Richard Nesbitt Calls For Securities Cooperation Under The NAFTA Framework While At A Major Securities Forum In Mexico City

TSX Group Co-CEO Richard Nesbitt today called on securities officials from Canada, the U.S. and Mexico to “do for securities what NAFTA has done for trade.” Mr. Nesbitt is among the headline speakers at the 15th Securities Market Convention in Mexico City. The theme of the event, which is being held at the Sheraton Centro Historico Hotel, is "Innovating for a better market."

Mr. Nesbitt’s remarks built a case for treating securities markets on the same scale as continental trade. “NAFTA has worked for all three markets but at the stock exchanges level, we are still working as three separate marketplaces.” This speech is part of the broader TSX Group strategy of expanding into international markets, while staying focused on the domestic and U.S. markets.

“Certainly we are very interested in increasing listings from markets such as Mexico, “added Mr. Nesbitt. “We offer international companies a world-class exchange and trading platform and we specialize in traditionally strong sectors, like mining and other resources, and also in new sectors like tech and biotech. We also have a well-established and successful junior market, TSX Venture Exchange, which is ideal for companies looking to raise smaller financing.”

Mr. Nesbitt joins other high profile speakers at the event including Licenciado Vicente Fox Quesada, President of Mexico, Francisco Gil Díaz, Minister of Finance, and John Thain, Chief Executive Officer, New York Stock Exchange.

TSX has had initial dialogue with Mexican officials this year. In September, three senior officials with the Bolsa Mexicana de Valores (BMV) were in Toronto and met with Exchange officials to learn more about the operation of Canada’s equity markets.

Mr. Nesbitt’s speech can be viewed by clicking here.