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World Federation Of Exchanges: TSX Group CEO Richard Nesbitt Appointed To WFE Board

Date 01/11/2005

At the General Assembly and Annual Meeting of the World Federation of Exchanges in Mumbai India -- TSX Group CEO Richard Nesbitt was appointed to the Board of the WFE.

The World Federation of Exchanges is the trade organization for regulated securities and derivative markets, settlement institutions and related clearing houses, and their diverse services to capital markets.

The Federation is a private international organization comprised of the operators of the world's leading markets, which are committed to the highest levels of market quality. It provides a forum for communication, analysis and debate among members. Its purpose is to facilitate the representation, development of organized and regulated markets, and to meet the needs of evolving capital markets in the best interest of their users.