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Transco Station 65 to Open in December

TORONTO and CALGARY, Nov. 20 /PRNewswire-FirstCall/ - Natural Gas Exchange Inc. (NGX), a wholly owned subsidiary of TMX Group Inc. (TMX Group), announced today its plan to offer physical clearing services at its tenth U.S. hub - Transco’s Station 65 - in mid December 2008.

“Despite extraordinary market conditions, North American physical energy traders have responded by channelling an increasing share of their over-the-counter transactions through NGX’s clearing facility further contributing to NGX’s success,” said Tom Kloet, CEO of TMX Group.

“NGX is planning to open Transco Station 65 in mid December of this year, after successfully launching its ninth U.S. Hub - Columbia TCO Appalachia - on November 7th,” noted Peter Krenkel, President of NGX. “Establishing a permanent Houston office combined with our alliance with IntercontinentalExchange (ICE) have propelled NGX’s business in the U.S. to a point that we now expect to double the number of U.S. hubs in 2009 to facilitate physical clearing services for our customers.”

NGX is North America’s largest clearing and settlement facility for physical energy products. The company has experienced a 36% increase in cleared volumes as at the end of September 2008 over the same period last year, bringing the total notional value of natural gas and power contracts cleared this year to more than $CAD 80 billion.

“ICE’s alliance with NGX for the clearing of physical energy contracts in North America has exceeded our expectations for success over the past year,” said Chuck Vice, ICE’s President and COO. “We anticipate that our alliance will provide additional benefits to energy market participants as we continue to roll out new products later this year and into 2009.”

TMX Group is holding its 2008 Analyst Day on Friday, November 21, 2008.

About TMX Group (TSX-X)

TMX Group’s key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. For more information about TMX Group, visit our website at www.tsx.com.

Forward Looking Information

This press release contains “forward looking information” (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections as of the date of this press release. Examples of such forward looking information in this press release include, but are not limited to factors relating to the business, financial position, operations and prospects of TMX Group, which are subject to significant risks and uncertainties. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of TMX Group to be materially different from any future results, performance or achievements expressed or implied by the forward looking information in this press release. Please refer to the risk factors discussed in TMX Group’s materials, including our 2007 Annual Management’s Discussion and Analysis (MD&A) and our Q3/08 interim MD&A.

We have no intention to update this forward looking information, except as required by applicable securities law. This forward looking information should not be relied upon as representing our views as of any date subsequent to the date of this press release.

About IntercontinentalExchange

IntercontinentalExchange(R) ICE operates regulated global futures exchanges and over-the-counter (OTC) markets for agricultural, energy, equity index and currency contracts, as well as credit derivatives. ICE(R) offers these markets to participants around the world through its technology infrastructure and trading platform, together with clearing, market data and risk management services. ICE Futures Europe(R) is ICE’s regulated energy futures exchange. ICE’s regulated North American exchanges, ICE Futures U.S. (R) and ICE Futures Canada(TM), offer markets for agricultural and financial contracts. Creditex, a market leader in trade execution and processing for credit derivatives, is also a wholly-owned subsidiary of ICE. A member of the Russell 1000(R) and S&P 500 indices, ICE is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. www.theice.com.

    Safe Harbor Statement under the Private Securities Litigation Reform Act

    of 1995 -

Statements in this press release regarding IntercontinentalExchange’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2007, and ICE’s Quarterly Reports on Form 10-Q for the quarters ended June 30, 2008 and September 30, 2008, as filed with the SEC on February 13, 2008, August 4, 2008, and October 30, 2008, respectively.

SOURCE TSX Group Inc.

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