Íâ¹úÃÀŮɫÇéƬ Announces Sale of Razor Risk
January 5, 2017 (TORONTO) – Íâ¹úÃÀŮɫÇéƬ today announced the sale of risk management business Razor Risk to UK-based Parabellum Limited.
Íâ¹úÃÀŮɫÇéƬ has undertaken a transformative initiative to streamline the organization, enhance client services and achieve a more efficient cost structure. The decision to enter into this transaction was made within the scope of the company's strategy to focus on the growth of its core offerings, both domestically and internationally over the long-term and to evolve into a more nimble, responsive solutions provider.
The transaction closed December 31, 2016. The terms were not disclosed.
About Íâ¹úÃÀŮɫÇéƬ (TSX: X)
Íâ¹úÃÀŮɫÇéƬ'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, TSX Alpha Exchange, , , , , , , and other Íâ¹úÃÀŮɫÇéƬ companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. Íâ¹úÃÀŮɫÇéƬ is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing, Singapore and Sydney. For more information about Íâ¹úÃÀŮɫÇéƬ, visit our website at www.tmx.com. Follow Íâ¹úÃÀŮɫÇéƬ on Twitter: .
For more information please contact:
| Shane Quinn Senior Manager, Communications and Public Affairs Íâ¹úÃÀŮɫÇéƬ 416-947-4609 shane.quinn@tmx.com |
Kristine Cheng Manager, Investor Relations Íâ¹úÃÀŮɫÇéƬ 416-947-4315 kristine.cheng@tmx.com |