Toronto Futures Exchange to wind up operations

(November 10 – 16:10 ) – The
Board of Governors of the Toronto
Futures Exchange unanimously voted
in favor of commencing an orderly
wind up of the TFE and its
operations. The Board intends to
seek the approval of the wind up
from the members of the TFE at a
special meeting to be held in
December of this year.

The Board will also seek the
approval of the wind up from all
other relevant parties, including
any required regulatory approvals.
Although the formal wind up of the
TFE may take several months, the
Board expects that the TFE will
cease all operations by not later
than December 31, 1999.