According to the market intelligence firm, Ipreo, the company has signed an agreement with TMX Group’s support division, TSX Company Services, to provide its subsidiaries with in-depth analysis and dynamic functionality they need to build and execute their investor relations strategies.
Ipreo is a provider of financial services technology, analytics and IR workflow tools. The company’s offering supports all participants in the capital-raising process including banks, institutional and individual investors, as well as asset management and wealth management firms. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division.
TMX Group and its subsidiaries operate both cash and derivative markets and clearinghouses across multiple asset classes, including equities, fixed income and energy, among others. The network of exchanges had shown a general uptrend in its volumes throughout H1 2016, though this trend did not continue into the second half.
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Commenting on the news, Loui Anastasopoulos, Managing Director at TMX Group said: “In an increasingly complex and diverse marketplace, an effective investor relations program can enable a listed issuer to communicate their growth strategy, differentiate itself in the eyes of investors and position their company for long-term success.”
“More importantly, in support of the TSXV Revitalization Program, TMX’s initiative to invigorate Canada’s public venture market, this agreement also includes a service package tailored to the specific needs of TSXV companies. We remain committed to working closely with our issuers of every size and in every stage of development in pursuit of new ways to deepen the value we provide for our clients,” he added.
“Ipreo’s longstanding presence and commitment to the Canadian marketplace is further strengthened and enhanced by the agreement with TSX Company Services. We are excited to work with the TSX team to engage with its listed companies of all sizes to support and optimize their investor relations efforts,” added Chris Taylor, Thought Leadership & Partnerships at Ipreo.