Íâ¹úÃÀŮɫÇ鯬

CDS Launches New Foreign Exchange Service for Entitlements

June 1, 2015

CDS Currency Service will enable participants to convert entitlement payments to Canadian or U.S. funds

June 1, 2015 (TORONTO) – CDS Innovations Inc. (CDSI), an operating subsidiary of The Canadian Depository for Securities Limited (CDS), a wholly-owned subsidiary of Íâ¹úÃÀŮɫÇ鯬, today announced the launch of CDS Currency Service, a web-based solution that will enable participants to convert entitlement funds to Canadian or U.S. dollars.

Today's interconnected, borderless marketplace presents complex and costly challenges for market participants. Canadians invest in markets around the world and Canadian securities continue to attract global investment. The new CDS Currency Service, designed by CDSI, will leverage TMX's existing cash transaction infrastructure and capabilities to provide participants with access to cost-efficient, seamless foreign exchange services.

"We are pleased to announce the expansion of the CDS Innovations product portfolio to include access to foreign exchange capabilities," said Jean Desgagné, President and Chief Executive Officer of CDS. "We expect the new CDS Currency Service to help our customers reduce existing currency challenges and enable them to offer more choice to their clients."

Participants stand to benefit from the economies of scale obtained by CDS. As a subscriber to the service, CDS participants can receive funds in a currency that is ready to be immediately credited to client accounts, making conversions easier to manage and providing better access to alternative rates.

For more information about CDS Currency Service, please visit our site:

 
About Íâ¹úÃÀŮɫÇ鯬 (TSX: X)

Íâ¹úÃÀŮɫÇ鯬'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, TMX Select, Alpha, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other Íâ¹úÃÀŮɫÇ鯬 companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. Íâ¹úÃÀŮɫÇ鯬 is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about Íâ¹úÃÀŮɫÇ鯬, visit our website at http://www.tmx.com. Follow Íâ¹úÃÀŮɫÇ鯬 on Twitter at .

 

For more information please contact:

Shane Quinn
Senior Manager, Communications and Public Affairs
Íâ¹úÃÀŮɫÇ鯬
416-947-4609
shane.quinn@tmx.com