CDCC Derivative and Fixed Income Central Counterparty Facility Receives Bank of Canada Designation

TORONTO, April 27, 2012 /CNW/ - TMX Group Inc. welcomes the news that the Governor of the Bank of Canada today announced that the Canadian Derivatives Clearing Service, which was designed, developed and operated by the Canadian Derivatives Clearing Corporation (CDCC), is being designated as subject to ongoing regulatory oversight by the Bank under the Payment Clearing and Settlement Act (PCSA).

The Bank of Canada designation reflects the importance of CDCC's fixed income central counterparty facility to the efficient, secure and reliable operation of a Canadian dollar core funding market.

"This significant development is recognition of the efforts of TMX Group, CDCC and the Canadian financial industry to complete the first stage of this project," said Tom Kloet, CEO, TMX Group.  "The marketplace can be confident that CDCC is well-regulated and held to high standards by the AMF and the Bank of Canada."

Going forward, CDCC will continue to work with industry participants and regulatory bodies to control systemic risk while developing additional enhancements that improve the overall operational effectiveness and liquidity of the fixed income market.

The CDCC fixed income central counter party services were launched on February 21, 2012.  The designation by the Bank of Canada under the PCSA will take effect on April 30, 2012.

CDCC is also the issuer, clearinghouse and guarantor of exchange traded derivatives in Canada and exclusive clearinghouse to Montreal Exchange.  Please visit www.cdcc.ca for more information about CDCC.

About TMX Group (TSX-X)

TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, data products and other services to the global financial community. TMX Group 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 and Beijing. For more information about TMX Group, visit our website at www.tmx.com.  Follow TMX Group on Twitter at http://twitter.com/tmxgroup.

Carolyn Quick
Director, Corporate Communications
TMX Group
1-416-947-4597
[email protected]