TMX Group Inc. reports results for Third Quarter 2009

TMX Group Inc. reports results for Third Quarter 2009


TMX Group Inc. [TSX:X] announced results for the third quarter and first nine months ended September 30, 2009.

Commenting on the Company’s performance this quarter, Thomas Kloet, Chief Executive Officer of TMX Group noted: “While we experienced reductions in revenues in certain areas of the business, due in part to the global economic slowdown, we are encouraged by the improving market conditions, which have already resulted in a substantial increase in the value of IPO and secondary financing activities as well as overall volumes on the Toronto Stock Exchange.”

Mr. Kloet added: “We continue to make necessary and important investments to allow us to excel in an increasingly competitive marketplace. The launch of our new TSX Quantum gateway, the construction of a substantial number of additional co-location spaces and the expansion of our enterprise infrastructure are just some of the initiatives that will come to fruition in the months ahead.”

Michael Ptasznik, Chief Financial Officer of TMX Group added: “Despite market challenges in the third quarter, we remain highly focused on our operating results and on managing our overall cost base while continuing to invest to deliver maximum shareholder value. Our diversified portfolio allowed us to maintain momentum in key areas with revenue growth in energy, fixed income and TSX Venture Exchange trading.”

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