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Legal Counsel, Commercial Services T

Organising Institution / Firm

TMX Group

Not Specified by Organiser

Not Specified

Qualified lawyer with commercial law experience; specific years of post-qualification experience (PQE) and Canadian bar admission requirements not detailed in snippet but typically required for TMX Group in-house roles.

Full-time Job

Full Opportunity Brief Navigating the Path to In-House Excellence: The TMX Group Legal Counsel Opportunity Securing a role as

Legal Counsel, Commercial Services at TMX Group

represents a pivotal career milestone for any commercial lawyer aiming to operate at the epicenter of Canada's capital markets. TMX Group, the parent company of the Toronto Stock Exchange (TSX), TSX Venture Exchange, Montréal Exchange, and a suite of data, clearing, and depository services, is not merely an employer—it is the critical infrastructure underpinning the Canadian economy. A legal position here transcends traditional in-house work; it places you at the intersection of high-stakes commercial contracting, complex regulatory frameworks, and the strategic growth of the nation's primary listing venues.

"Working at TMX Group means your legal advice directly impacts the integrity, efficiency, and evolution of Canada's capital markets. It is commercial law practiced at the highest velocity and broadest systemic impact."

Deconstructing the Commercial Services Mandate The "Commercial Services" designation signals a focus on the revenue-generating engine of the exchange group. Unlike litigation or pure regulatory advisory roles, this position demands a lawyer who thrives on





transactional velocity and commercial pragmatism . You are the legal architect for the products and services that listed issuers, trading participants, and data consumers rely on daily.

Core Responsibilities: Beyond the Contract Review While the job snapshot is brief, the mandate for Commercial Services Counsel at an exchange operator typically encompasses a sophisticated blend of:

Complex Commercial Drafting & Negotiation:

Master Services Agreements (MSAs), data licensing agreements, technology procurement contracts, and strategic partnership deals with global fintech firms and institutional investors.

Product Counseling:

Embedding with product management and sales teams to launch current data analytics tools, ESG reporting solutions, or clearing services—navigating IP ownership, liability caps, and service level agreements (SLAs).

Regulatory Compliance Integration:

Ensuring commercial terms align with CSA (Canadian Securities Administrators) notices, IIROC/Dealer Member rules, and evolving data privacy legislation (PIPEDA/Quebec Law 25).

Strategic Vendor Management:

Negotiating enterprise-scale SaaS, cloud infrastructure, and cybersecurity contracts critical to market resilience.

Why This Role Accelerates Your Legal Career Trajectory For the ambitious legal professional,



this role offers a unique "triple threat" of career capital:

Brand Prestige, Subject Matter Depth, and Network Density .

1. The "TSX" Brand on Your CV TMX Group carries instant recognition across Bay Street, Wall Street, and global financial centers. Having "Legal Counsel, TMX Group" on your LinkedIn profile and resume signals to future employers—whether top-tier law firms, multinational corporations, or regulatory bodies—that you have been vetted to handle complexity at a systemic level. It is a powerful differentiator in lateral hiring markets.

2. Mastering the "Product-Legal" Hybrid Skillset The modern in-house lawyer is no longer a cost center but a business enabler. This role forces the development of

product counseling fluency —the ability to translate technical product roadmaps into contractual risk frameworks. This skillset is highly portable and increasingly the most sought-after competency for General Counsel-track positions in tech and finance.

3. Unparalleled Stakeholder Exposure You will negotiate directly with C-suite executives of listing applicants, General Counsels of major bank dealers, and procurement leads of global tech giants. Building rapport with this caliber of counterparty creates a professional network that pays dividends for decades.

Strategic Preparation: Positioning Yourself for the Offer Given the 57 applicants already clicking "Apply" within 24 hours of reposting, competition is immediate. Passive applications rarely succeed at this level. You must approach this as a strategic campaign.

Phase 1: The Narrative Audit (Your Resume & Cover Letter) Do not list duties; articulate

commercial outcomes .

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📌 Legal Counsel, Commercial Services (Toronto)
🏢 TMX Group
📍 Toronto