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THE BANK PRESENTATION

Good morning. I am part of the Merchant Banking part of Fortis Bank, which means that we service wholesale customers. MiFID is not there to facilitate the lives of investment banks. MiFID is in place to make Europe a bigger, deeper, and more efficient financial market for investors and for companies.

Now, where do the investment banks come in? In the last 15 years, I have seen no change in the way private investors invest money in exchanges. They go to a bank, they put an order in a machine, the

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TMX’s indexing pivot bears first fruit

The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

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