The Toronto Futures Options Swaps Exchange (“tFOSE”) WEBINAR | June 11, 2020 | 10:00 am – 11:00 am ET

The Toronto Futures Options Swaps Exchange (“tFOSE”) WEBINAR


Date: June 11th, 2020

Time: 10:00 am – 11:00 am ET


James Beattie, President and CEO, tFOSE

Winville Larcher, Industry Relations Advisor, tFOSE

About tFOSE

The Toronto Futures Options Swaps Exchange (“tFOSE”) has submitted applications to the AMF and CSA to operate a derivatives exchange and clearinghouse. tFOSE is currently conducting its second round of comments with the regulators and anticipates a public comment period to begin in Q3 of 2020.

tFOSE is designed to bring innovation and vibrancy to Canadian exchange-traded and cleared derivatives, a market that is ripe for disruption. Introducing competition will drive innovation, lower costs and benefit all participants.

Competition is good. When competition entered the Canadian equity markets volumes almost doubled over a six year period. When the ‘Gentlemen’s Agreement” between US options markets was broken and exchanges could compete, aggregate average daily volumes exploded.

There is a significant addressable gap in Canadian derivatives markets. Our extensive discussions with market constituents tells a consistent story, there is a lack of liquidity, spreads are wide, and costs are high. tFOSE will promote liquidity in all options and add flexibility with new platforms that align with market makers to attract order flow.

tFOSE is a core and growth story that will trade and clear existing derivative products and create highly demanded products based on emerging markets and alternative asset classes.

By treating clearing as a profit centre and not a utility, tFOSE will use simplified, modern technology to eliminate outdated architecture and drive clearing costs lower.

To register, please RSVP Maria Nash

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