Sanjay Kulkarni - TMX Group Chief Solutions

X Stock  CAD 44.02  0.18  0.41%   

Insider

Sanjay Kulkarni is Chief Solutions of TMX Group Limited
Address 100 Adelaide Street West, Toronto, ON, Canada, M5H 1S3
Phone888 873 8392
Webhttps://www.tmx.com

TMX Group Management Efficiency

As of the 25th of November 2024, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.09. At this time, TMX Group's Total Assets are very stable compared to the past year. As of the 25th of November 2024, Other Current Assets is likely to grow to about 60.4 B, while Non Current Assets Total are likely to drop about 3.5 B. 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 currently holds 1.15 B in liabilities with Debt to Equity (D/E) ratio of 0.29, which may suggest the company is not taking enough advantage from borrowing. TMX Group Limited has a current ratio of 0.98, indicating that it has a negative working capital and may not be able to pay financial obligations when 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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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 GROUP operates under Financial Data Stock Exchanges classification in Canada and is traded on Toronto Stock Exchange. It employs 1332 people. TMX Group Limited (X) is traded on Toronto Exchange in Canada and employs 1,999 people. TMX Group is listed under Financial Exchanges & Data category by Fama And French industry classification.

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.
John McKenzie, Interim Chief Executive Officer, Chief Financial Officer, Senior Vice President
Jean Martel, Independent Director
Cheryl Graden, Senior Vice President - Group Head of Legal and Business Affairs, Enterprise Risk Management and Government Relations, Corporate Secretary
Loui Anastasopoulos, President - Capital Formation and TSX Trust
Shane Quinn, Head Affairs
Shaun McIver, Chief Client Officer
Amin Mousavian, Treasury Relations
Peter Conroy, President - Trayport
Kevin Sullivan, Non-Independent Director
Nicolas DarveauGarneau, Independent Director
Marie Giguere, Independent Director
Cindy Bush, Chief Officer
Charles Winograd, Independent Chairman of the Board
Eric Wetlaufer, Independent Director
Christian Exshaw, Non-Independent Director
Luc Fortin, President and Chief Executive Officer - Montréal Exchange and Global Head of Trading
Paul Malcolmson, IR Contact Officer
BBA CMA, CEO Director
Mary Hukezalie, Senior Vice President Group Head - Human Resources
Luc Bertrand, Non-Independent Director
Geraldine Sinclair, Independent Director
Jayakumar Rajarathinam, Chief Operating Officer, Chief Technology Officer, President - CDCC and CDS
Martine Irman, Non-Independent Director
Sanjay Kulkarni, Chief Solutions
David Arnold, Chief Officer
William Linton, Independent Director
Arne Gulstene, Regional Head
Harry Jaako, Independent Director
Nina Bai, Senior Relations

TMX Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock 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.

Pair Trading with TMX Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TMX Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TMX Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with TMX Stock

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The ability to find closely correlated positions to TMX Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TMX Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TMX Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TMX Group Limited to buy it.
The correlation of TMX Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TMX Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TMX Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TMX Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in TMX Stock

TMX Group financial ratios help investors to determine whether TMX Stock 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.