TMX to Replace Legacy Tech for Clearing and Implement New Mutual Funds Channel
Canadian exchange operator details latest updates regarding new clearing and settlement platform, progress of new mutual fund platform.
“You can’t avoid technology ─ you either get consumed by it or learn how to leverage it, because it drives everything. If you want to innovate, if you want to build new products and constantly grow your business, you’ve got to be technology driven.”
Speaking to Waters in mid-2015, Lou Eccleston, chief executive of Toronto-based TMX Group, outlined where the exchange operator’s core strategies would be realigned through investment in five pillars—capital formation, derivatives, market insights
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