TMX’s Shorcan Announces Cryptocurrency Initiatives
Shorcan DCN to team up with Paycase Financial to provide cryptocurrency brokerage services and create global data products
March 22, 2018 (TORONTO) – Íâ¹úÃÀŮɫÇ鯬 today announced that its wholly-owned subsidiary, Shorcan Digital Currency Network (Shorcan DCN) has entered into an agreement with Paycase Financial (Paycase), a Toronto-based, value network and trustware provider for decentralized financial services, most widely known for their mobile-first remittance platform, to launch a new cryptocurrency brokerage service focused on Bitcoin and Ether. BMO Financial Group will provide Shorcan DCN with banking services as part of the payment and settlement infrastructure.
Shorcan DCN is designed to leverage the combination of Shorcan Brokers' (Shorcan) expertise in providing clients in the Canadian financial industry with liquid, efficient and reliable brokerage services with Paycase's premier cryptocurrency data aggregation platform and established worldwide network of industry leaders and participants. Concurrently with the establishment of brokerage services, Shorcan DCN, together with Paycase, will create proprietary-based cryptocurrency benchmarks based on consolidated data from the world's leading crypto exchanges as well as over the counter, or OTC, brokered volume.
"We are excited to enter in to this agreement with Paycase, an industry leader with an innovative and entrepreneurial spirit," said Peter Conroy, President, Shorcan. "We look forward to putting in the necessary collaborative work in the days ahead as we strive to make Shorcan DCN a lasting success."
John Lee, Managing Director, Enterprise Innovation & Product Development, Íâ¹úÃÀŮɫÇ鯬 added: "Shorcan DCN represents a significant step forward in the execution of Íâ¹úÃÀŮɫÇ鯬's digital strategy. As new technologies continue to reshape the global financial industry, we continue to explore new ways to evolve our business to address client needs in both traditional and non-traditional markets."
Shorcan DCN is planned for launch in the second quarter of 2018. For more information, please visit .
For more information on Paycase, please visit
About Íâ¹úÃÀŮɫÇ鯬 (TSX: X)
Íâ¹úÃÀŮɫÇ鯬's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. , , , , , , and other Íâ¹úÃÀŮɫÇ鯬 companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. Íâ¹úÃÀŮɫÇ鯬 is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. For more information about Íâ¹úÃÀŮɫÇ鯬, visit our website at www.tmx.com. Follow Íâ¹úÃÀŮɫÇ鯬 on Twitter: .
For more information please contact:
Shane Quinn
Head of Communications and Public Affairs
Íâ¹úÃÀŮɫÇ鯬
416-947-4609
shane.quinn@tmx.com