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TMX Group today announced plans to open an office in London, U.K. The new office, scheduled to be opened in early 2011, will be focused on driving new business opportunities in U.K. and European markets across the TMX Group portfolio, which includes financial services and exchanges in the equities, derivatives, data, energy and fixed income markets.
“We’ve built a strong and diversified portfolio under the TMX Group umbrella and have begun to expand our business to international markets over the last few years,” said Thomas Kloet, TMX Group Chief Executive Officer. “With a presence in London, one of the world’s leading financial markets, we will be able to accelerate our international growth and better serve our existing and prospective European clients and partners.”
TMX Group has a strong track-record in global markets. For example, approximately 300 international organizations are now listed on its equities markets, Toronto Stock Exchange and TSX Venture Exchange. In addition, with an increasingly global participant and investor base, TMX Group’s data services are sought by customers around the world.
The new London office also supports the European efforts of TMX Group’s derivatives exchange, Montreal Exchange (MX). The focus on European business development for MX interest-rate and equity index futures and equity options is a direct result of the growing interest from European and international participants in Canadian dollar denominated assets. TMX Group is also a minority partner with London Stock Exchange in EDX London, which provides futures and options trading in a range of international markets across equity and index derivatives.
