TMX Group Ltd (TSX:X)
C$ 36.25 -0.24 (-0.66%) Market Cap: 10.05 Bil Enterprise Value: 12.02 Bil PE Ratio: 24.99 PB Ratio: 2.38 GF Score: 84/100

TMX Group Ltd at Deutsche Bank Global Financial Services Investor Conference Transcript

May 29, 2019 / 06:10PM GMT
Release Date Price: C$18.2 (-0.01%)
Brian Bertram Bedell
Deutsche Bank AG, Research Division - Director in Equity Research

Okay. Great. All right. I think we can get started if everyone would take their seat. Okay. All right. So thanks everyone for joining us for our last session of the conference here, finishing up the conference. We're very happy to have the CEO of TMX Group, Lou Eccleston, with us today.

For those of you who don't know me, I'm Brian Bedell, I cover the exchanges here at DB. TMX, just a little recap there, is a dominant equities and derivatives exchange in Canada, based in Toronto but with substantial operations in Montreal, and for that matter, increasingly on a global footprint. I think over 1/3 of your revenue comes outside of Canada. And similar to some of the exchanges in the U.S., you've diversified that revenue stream with over half coming from recurring nontransactional sources.

Quickly on Lou. He joined TMX Group in 2014 as CEO, after more than 30 years of leadership roles in information services, financial technology and capital markets. And prior to TMX, he was President of S&P Capital

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