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  • Competitive Landscape in Canadian Equity Marketplaces
  • Competitive Landscape in Canadian Equity Marketplaces
  • Competitive Landscape in Canadian Equity Marketplaces
Dec 12

Competitive Landscape in Canadian Equity Marketplaces

Roundtable Luncheon with Richard Carleton, Jos Schmitt and Nicholas Thadaney

Tuesday, December 12, 2017 - 12:00 to 13:30
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Richard Carleton, Chief Executive Officer, Canadian Securities Exchange

Richard Carleton is the CEO of the Canadian Securities Exchange and is responsible for the strategic direction and management of the organization.  Prior to this appointment, Richard served as Vice-President Corporate Development with responsibility for the CSE’s technology, operations, market data and trading sales teams. Before joining the exchange, Richard worked as a business development consultant in Toronto and New York in the risk management and index product fields after spending twelve years with the Toronto Stock Exchange, serving most recently as a member of the exchange’s senior management team. Active in industry affairs, Richard served two terms as chair of the market data industry’s global trade association in the late 1990's and is a frequent panelist at market structure and trading technology events across North America. Richard also serves as a member of the boards of CDS Inc., Canada’s clearing and settlement agency, the Private Capital Markets Association and the Empire Club of Canada.A member of the Law Society of Upper Canada since 1987, Richard is a graduate of the University of Ottawa (B.A. ’81) and the University of Toronto (LL.B. ’85). He has also completed the executive development programme at the Wharton School, University of Pennsylvania.


Jos Schmitt, President and Chief Executive Officer, NEO Exchange

Jos Schmitt is one of the founders and President & CEO of NEO Exchange, a stock exchange he formed with the support of a number of blue chip financial institutions.

Prior to NEO and in the role of President & CEO, Jos formed together with a number of blue chip financial institutions the Alpha Group of companies, including the Alpha Stock Exchange. This followed his role as EVP Head of the Americas and Global Head of Capital Markets for a global professional services company focused on the financial services industry. During his tenure at this professional services company, where he was part of the original partnership group, he acted as strategic advisor and director of operational and/or technology programs for some of the largest stock and derivatives exchanges and clearing houses, alternative markets, data vendors and broker-dealers around the globe. Some of his other previous roles include: President and CEO of a European Derivatives Exchange and Clearing House, President and CEO of a pan-European Indices Publisher, Chairman of a Derivatives SRO, and Head of Strategy and Business Operations at a European Stock Exchange.

Jos has a strong commitment to community as a member of the Sunnybrook Hospital Foundation Board and through his active involvement with WE.



Nicholas Thadaney, President and Chief Executive Officer, Global Equity Capital Markets, TMX Group

Nicholas Thadaney is President and Chief Executive Officer, Global Equity Capital Markets, TMX Group, and a member of the senior management team. Mr. Thadaney is responsible for all of TMX Group’s equity listing and trading activity across the company’s equities markets and alternative trading systems, including Toronto Stock Exchange, TSX Venture Exchange, Alpha, and TMX Select. Mr. Thadaney has extensive business, leadership, and client development experience, as well as a strong commitment to developing superior value propositions from the perspective of the market and TMX Group clients, both in Canada and globally. Prior to joining TMX Group in 2015, Mr. Thadaney was Chief Executive Officer of ITG Canada Corp. since 2005, with responsibility for managing all aspects of the business, as well as a Member of ITG’s Global Executive Committee. Previously, he was Director of Sales and Trading of ITG Canada’s Institutional Equities business from 2000 to 2005. Before his tenure at ITG, Mr. Thadaney was Vice-President, Business Development (Equities) at C.T. Securities Inc., which was later acquired by T.D. Securities Inc. in 1999. He is also a member of several industry associations, boards and registered charities, including: Asset Management Industry Hold’em for Life Charity, Mount Sinai, Co-Chair; Bermuda Stock Exchange; Canadian Council of the Americas; CanDeal; IIROC; Toronto Financial Service Alliance; Investment Industry Association of Canada; Junior Achievement Canada; Young Presidents Association (Ontario Chapter); and the World Federation of Exchanges SME Advisory Board.

Toronto ON, C.D. Howe Institute, 67 Yonge Street, Suite 300

C.D. Howe Institute events are open to members and their guests. Members can register online by signing in here, or contacting cdhoweevents@cdhowe.org.