TSX Venture Exchange to Launch New Market Making Service called TSXV LiquidityPro™

July 6, 2016

Exchange advances initiative to revitalize Canada's public venture market with new program to enhance liquidity

July 6, 2016 (TORONTO) – TSX Venture Exchange (TSXV) today announced the launch of a new issuer-sponsored market making service designed to enhance liquidity for public venture companies. In the optional TSXV LiquidityPro program, TSXV companies can select from a pool of pre-qualified TSXV LiquidityPro Providers (LPPs) that can provide quotation services, facilitate price discovery and increase overall liquidity for issuers under the oversight and governance of TSXV.

"While we are certainly encouraged by the surge in performance year to date, our efforts to address key challenges affecting our venture markets continue," said Kevin Sampson, Managing Director, Equity Trading, TMX Group. "The launch of TSXV LiquidityPro is an important step forward in our revitalization initiative and represents vital collaborative work we have done with our stakeholders to ensure TSXV remains the world's most successful venture market into the future."

Key features of TSXV LiquidityPro include a centrally-managed competitive bidding process for licensed and pre-qualified TSXV LPPs, service levels and fees tailored to each security, monthly reporting to issuers providing full transparency around their LPPs' performance and activity, and TSXV quality governance and administration of the service. TSXV LiquidityPro is scheduled for launch in September 2016.

For more information on TSXV LiquidityPro, please click here and to view the latest Revitalizing TSXV progress report click on www.revitalizingTSXV.com.

 

About TMX Group (TSX: X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.

 

For more information please contact:

Mathieu Labrèche
Manager, Corporate Communications and Public Affairs
TMX Group
416-947-4474
mathieu.labreche@tmx.com