TMX Group Limited Reports Results for the Third Quarter 2014
TMX Group Limited [TSX:X] ("TMX Group") announced results for the third quarter
ended September 30, 2014.
Lou Eccleston, Chief Executive Officer of TMX Group, said: "I am very proud to be joining TMX Group and to be able to comment on the numerous accomplishments achieved by my predecessor and our employees. The highly successful implementation of TMX Quantum XA on our equity markets and the recent announcement of upcoming initiatives to streamline our equity trading offerings are great examples. TMX Group is incredibly well positioned to realize the benefits of growing and evolving capital markets over time with its vertically integrated and diverse business model. I look forward to working with all of our stakeholders as we turn to the next chapter in TMX Group's history."
Commenting specifically on Q3/14 results, Michael Ptasznik, Chief Financial Officer of TMX Group, said: "We were pleased with our year over year results as revenue grew by 3% and income from operations increased by 7% over the same period in 2013. This reflected growth in revenue from additional listings and information services. The reduction in finance costs of over $6 million in Q3/14, compared with the same period last year, also contributed to 15% growth in our adjusted EPS."
TMX Group Limited Reports Results for the Third Quarter 2014
About TMX Group (TSX: X)
TMX Group'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 Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, 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, Beijing and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter at https://twitter.com/tmxgroup.