91ΑΤΖζ Venture Exchange to Launch New Market Making Service called 91ΑΤΖζV LiquidityProβ’
Exchange advances initiative to revitalize Canada's public venture market with new program to enhance liquidity
July 6, 2016 (TORONTO) – 91ΑΤΖζ Venture Exchange (91ΑΤΖζV) today announced the launch of a new issuer-sponsored market making service designed to enhance liquidity for public venture companies. In the optional 91ΑΤΖζV LiquidityPro program, 91ΑΤΖζV companies can select from a pool of pre-qualified 91ΑΤΖζV LiquidityPro Providers (LPPs) that can provide quotation services, facilitate price discovery and increase overall liquidity for issuers under the oversight and governance of 91ΑΤΖζV.
"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 91ΑΤΖζV LiquidityPro is an important step forward in our revitalization initiative and represents vital collaborative work we have done with our stakeholders to ensure 91ΑΤΖζV remains the world's most successful venture market into the future."
Key features of 91ΑΤΖζV LiquidityPro include a centrally-managed competitive bidding process for licensed and pre-qualified 91ΑΤΖζV LPPs, service levels and fees tailored to each security, monthly reporting to issuers providing full transparency around their LPPs' performance and activity, and 91ΑΤΖζV quality governance and administration of the service. 91ΑΤΖζV LiquidityPro is scheduled for launch in September 2016.
For more information on 91ΑΤΖζV LiquidityPro, please click and to view the latest Revitalizing 91ΑΤΖζV progress report click on .
About TMX Group (91ΑΤΖζ: 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, 91ΑΤΖζ Venture Exchange, 91ΑΤΖζ 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:
Mathieu Labrèche
Manager, Corporate Communications and Public Affairs
TMX Group
416-947-4474
mathieu.labreche@tmx.com