TMX Group intends to announce head of equities successor in the coming days
NGX natural gas and power markets will be open for regular trading hours
Closing the alternative trading facility is intended to help TMX Group reduce complexity and fragmentation as well as reduce dealer costs
The firm will focus on four main areas of potential growth: capital formation; derivatives; market data; and market solutions
Two new executive roles and the realignment of TMX Group’s overall organizational structure follow the completion of a strategic review launched in January
First phase will result in an estimated 26% reduction of active fees
Alpha to operate as an unprotected market
NGX natural gas and power markets will operate on a reduced trading schedule
Advisory board will be chaired by industry veteran Barb Amsden
The microwave network will provide wireless connectivity between major North American marketplace