TMX Group Ltd. has appointed Nicholas Thadaney, president and CEO, global equity capital markets effective Sept 1. Mr. Thadaney was formerly the CEO of brokerage firm ITG Canada Corp. He had been with the firm for the past 15 years.
ITG Canada is a part owner of the Aequitas NEO Exchange, a direct competitor to the TMX Group. In late March, Aequitas NEO launched but so far has only built up minimal market share. Its founders are believed to be disappointed that more inroads have not been made sooner against the TMX.
Mr. Thadaney will be responsible for equities trading and listings for the exchanges run by the TMX.
Niall McGee – Globe and Mail –Â Globe and Mail – July 16, 2015.
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