By James Langton
(May 29 – 11:50 ET) – Barb Stymiest is talking up the TSE’s plans, including a possible trading alliance with CDNX. The Toronto Stock Exchange president and CEO made the remarks in a speech today to the Canadian Investor Relations Institute.
Stymiest reviewed recent TSE research into investor attitudes and trends. It looked at Canadian investors, as well as U.S. and European buy and sell side investors who hold Canadian equities in their portfolios.
“Overall, the research showed that we are viewed as a market that presents both untapped and unknown potential,”says Stymiest. “Our response is to take our story out to these markets. Our messages are being delivered to these targeted investors through a full-range of marketing and sales mediums.”
Within Canada the TSE is looking to help attract listings from the CDNX. “We are also discussing the development of a common trading platform between the TSE and CDNX,” says Stymiest, “This would provide easier trading and market data gathering for both traders and investors.”
She also reiterated the TSE’s claim that it is in serious alliance discussions with other exchanges, including the NYSE and NASDAQ. She said that any deal must meet three criteria: it must make “good business sense” for the TSE; enhance shareholder value; and improve market quality.