TMX Group (TMX) and S&P Dow Jones Indices (S&P DJI) today announced a renewal of the multi-year Index Operation and License Agreement (Agreement) between TSX Inc. and S&P DJI, further extending their long-standing and successful partnership.
The Agreement will ensure that market participants will continue to have access to a comprehensive suite of investable indices for the Canadian equity markets, as well as North American and global markets. Executives and other representatives from TMX and S&P DJI will later today hold a market close ceremony to celebrate the Agreement.
S&P/TSX indices are widely recognized as the leading equity market benchmarks in Canada , with key indices including the S&P/TSX Composite Index and the S&P/TSX 60 Index. The Agreement between S&P DJI and TSX covers the creation and publication of all S&P/TSX indices, while also providing Montréal Exchange with the rights to list futures and options on the S&P/TSX indices.
"TSX is one of our longest standing exchange relationships and we're pleased to renew our agreement to operate Canada's premier market benchmarks," says Alex Matturri , CEO of S&P Dow Jones Indices. "Through the years, in collaboration with the TSX, we have developed and commercialized leading indices to meet the evolving investor needs. This agreement allows us to continue to advance benchmark innovation and integrity in the Canadian market."
"The renewal of the Index Operation and License Agreement between S&P Dow Jones Indices and TSX is a prime example of bringing transparency and insight to Canadian and global investors through these closely followed benchmarks," said Lou Eccleston , CEO, TMX Group. "The S&P/TSX family of indices has long been, and will continue to be, considered as the leading measures of equity and derivatives markets performance in Canada ."