Canada's TMX to stay in S&P index after misstatement

Sun Sep 18, 2016 9:16pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

By Dan Freed

(Reuters) - TMX Group Ltd (X.TO: Quote), the owner of Canada's dominant stock exchange, said on Sunday it had not been removed from a major Canadian index run by S&P Global Inc SPGI.N despite what a spokesman said was an erroneous press release issued by S&P unit Capital IQ Inc that it had been removed.

S&P spokesman Soogyung Jordan confirmed TMX will remain in the S&P/TSX Composite Index .SPTSE.

"Earlier today, we were notified of an erroneous alert posted to the S&P Capital IQ platform regarding the continued inclusion of the TMX stock in the S&P/TSX composite. We have researched the issue, removed the alert from the platform and are in the process of notifying all clients who received the alert. TMX continues to be a constituent of the Composite," he wrote via email.

Jordan declined to comment further.

(Reporting by Dan Freed in New York; Editing by Sandra Maler)