NGX, a wholly-owned subsidiary of TMX Group Limited, celebrated its 20th anniversary by opening today's trading session in Toronto.
"This morning we recognize a significant milestone in NGX's history and a proud day for our employees," said Jim Oosterbaan, President, NGX. "In a relatively short period of time, beginning with the deregulation of Canadian natural gas markets and the launch of NGX in 1994, through the acquisition by TMX Group in 2004 and our alliance with ICE in 2008, NGX has evolved into the leading physical energy clearinghouse in North America. Today, NGX's founding principles of providing customers with liquid, efficient and reliable markets remain as strong as ever."
"TMX Group has proudly supported and shared in NGX's accomplishments since acquisition ten years ago," added Tom Kloet, CEO, TMX Group. "The NGX team has added great value to our organization and we are excited about their future prospects."
NGX Charity Day March 14, 2014
NGX is proud to also announce the first NGX Charity Trading Day on March 14th, 2014. NGX will donate a portion of its revenue to the Tom Baker Cancer Centre in memory of Gary Gault. Gary worked for NGX since its inception. He was a valued team member and a key contributor to the company's success.
For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at TMX and sent live to the Toronto TOC. The client moves into position for the market open ceremony at approximately 9:27 a.m. and the markets will open with the sound of a SIREN (the traditional market open on Toronto Stock Exchange).