Position

We intend to continue to build our brand and take advantage of long-term market drivers.

Trend Evidence Our Position
     
     
Strong demand for resources There is a rapidly expanding demand for resources, in large part driven by China and India, the first and second fastest growing economies in the world. Alberta oil sands activity also continues to ramp up and carbon credits are emerging as a new commodity. Canada, as one of the world’s richest resource nations, should prosper from this demand and TSX and TSXV, as the world’s leading resource exchanges, are well positioned to participate in this growth. We also see excellent opportunities for NGX, through our technology and physical clearing alliance with ICE. Looking ahead, our option to purchase NetThruPut will secure a strong position for us on the oil side of the energy business.
     
Increasing pace of innovation The rate of innovation continues to accelerate, particularly in technology, life sciences and cleantech. Just as there will always be people and businesses looking to reshape their industries, there will always be people and businesses looking to access funding for their next breakthroughs. The rate of innovation continues to accelerate, particularly in technology, life sciences and cleantech. Just as there will always be people and businesses looking to reshape their industries, there will always be people and businesses looking to access funding for their next breakthroughs.
     
Strong demand for trading and data The heavy and growing demand for trading and market data is primarily fueled by the growth in new trading strategies – including algorithmic trading – as well as by the growth in derivatives. New entities are entering the market in a bid to capitalize on this demand. TSX Group is the clear leader in equity trading in Canada. We provide our customers with proprietary trading products and we continually adjust our fee structure and trading technology to remain competitive with North American exchanges. Our new TSX Quantum trading engine and our planned consolidated market data feed of pre- and post-trade data for equity marketplaces will serve to strengthen our leading position in Canada.
     
Globalization and consolidation
of exchanges		 The transformation of the international exchange landscape continues, with the creation of national and cross-border combinations. The emerging global market model is not a specialized market in one asset class. Instead, it is a multi-asset model with integrated cash and derivatives products The exchange world is evolving at a very rapid pace, and TSX Group plans to be very much a part of that evolution. The ultimate objective of our combination with Montreal Exchange is to ensure we can compete on the global stage by offering a solid and fullyintegrated Canadian capital market – a market that will allow us to continue to build on the strengths and capabilities we have developed.