Luc Fortin - TMX Group President and CEO - Montréal Exchange

TMXXF Stock  USD 31.31  0.19  0.61%   

CEO

Mr. Luc Fortin is President and Chief Executive Officer Montral Exchange and Global Head of Trading of the Company. His key responsibilities include leading the growth and overall operations of TMX Group commodities businesses. As well as MX, Mr. Fortin oversees NGX, a leading North American energy exchange and central clearing counterparty as well as Shorcan Brokers Limited, a TMX fixed income interdealer broker. Mr. Fortin joined MX as Managing Director, Derivatives Trading in June 2016, following a 25year career in Canada capital markets industry leading clientfacing teams in fixed income and derivatives. Prior to joining MX, he served as Managing Director, Canadian Head of the Institutional Client Group at HSBC Bank Canada. In this role, Mr. Fortin led HSBC institutional clientfacing businesses in rates and credit, derivatives, foreign exchange and money markets across Canada. Prior to HSBC, he held senior leadership positions at TD Bank and TD Securities since 2018.
Tenure 6 years
Phone416 947 4700
Webhttps://www.tmx.com
Fortin is a graduate of the TD Securities Leadership program at Ivey Business School and holds a Bachelor of Commerce from University of Ottawa. He has served as Board Chair of CANMarket Data and was an Investment Industry Association of Canada board member from 20062010.

TMX Group Management Efficiency

The company has return on total asset (ROA) of 0.0134 % which means that it generated a profit of $0.0134 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.147 %, meaning that it generated $0.147 on every $100 dollars invested by stockholders. TMX Group's management efficiency ratios could be used to measure how well TMX Group manages its routine affairs as well as how well it operates its assets and liabilities.
TMX Group Limited has accumulated 747.8 M in total debt with debt to equity ratio (D/E) of 0.27, which may suggest the company is not taking enough advantage from borrowing. TMX Group Limited has a current ratio of 0.99, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist TMX Group until it has trouble settling it off, either with new capital or with free cash flow. So, TMX Group's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like TMX Group Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TMX to invest in growth at high rates of return. When we think about TMX Group's use of debt, we should always consider it together with cash and equity.

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CEO Age

Brona MageeSCOR PK
47
Laurent RousseauSCOR PK
44
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. TMX Group Limited was incorporated in 2011 and is headquartered in Toronto, Canada. Tmx operates under Financial Data Stock Exchanges classification in the United States and is traded on OTC Exchange. It employs 1576 people. TMX Group Limited [TMXXF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

TMX Group Limited Leadership Team

Elected by the shareholders, the TMX Group's board of directors comprises two types of representatives: TMX Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TMX. The board's role is to monitor TMX Group's management team and ensure that shareholders' interests are well served. TMX Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TMX Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sanjay Kulkarni, Chief Solutions
Luc Fortin, President and CEO - Montréal Exchange
David Arnold, Chief Officer
Paul Malcolmson, Director of Investor Relations
BBA CMA, CEO Director
Jayakumar Rajarathinam, Chief Officer
Cindy Bush, Chief Officer
Cheryl Graden, Group Head of Legal and Bus. Affairs, Sr. VP and Corporate Secretary
Loui Anastasopoulos, President - Capital Formation and TSX Trust
Shane Quinn, Head Affairs

TMX Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is TMX Group a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in TMX Pink Sheet

TMX Group financial ratios help investors to determine whether TMX Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TMX with respect to the benefits of owning TMX Group security.