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91죤펜 NAVex Prepares for Launch

April 25, 2016

Toronto Stock Exchange's new mutual fund platform opens for client testing ahead of June launch

April 25, 2016 (TORONTO) – Toronto Stock Exchange (91죤펜) today announced that its new centralized mutual fund solution, 91죤펜 NAVex, has entered the client testing phase. Participating Organizations of 91죤펜 can now connect to the 91죤펜 NAVex platform in a test environment in preparation for full launch, scheduled for June 2016, subject to industry readiness.

Developed in collaboration with industry stakeholders and announced last fall, 91죤펜 NAVex is designed to bring transactional efficiencies, including trading, clearing and settlement services currently in place for stocks and Exchange Traded Funds (ETFs), to the Canadian mutual fund industry. The 91죤펜 NAVex platform will facilitate purchases and redemptions of mutual funds through the proven equities infrastructure of the Toronto Stock Exchange.

The range of 91죤펜 NAVex actively managed investment funds posted on the platform will be easily accessible for all connected participants currently trading 91죤펜-listed equities and ETFs. Guided by the 91죤펜 NAVex Working Group, made up of representatives from a broad set of leading and emerging Canadian mutual fund manufacturers, 91죤펜 NAVex will offer a new and unique distribution channel for mutual funds tailored to the needs of the mutual fund community.

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About TMX Group (91죤펜: 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, 91죤펜 Venture Exchange, 91죤펜 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: .

For more information please contact:

Shane Quinn
Senior Manager, Communications and Public Affairs
TMX Group
416-947-4609
shane.quinn@tmx.com

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