The Globe and Mail reports in its Wednesday edition that TMX Group is mulling whether to launch an entirely new stock exchange as it seeks to defend its market dominance from rising competition. The Globe's Jameson Berkow writes that TMX says it commits to "evaluating the need and appetite for a new, highly differentiated exchange" to complement the TSX Venture Exchange. The initiative follows a year-long consultation process on how to improve public market access for smaller companies as rivals such as the Canadian Securities Exchange and Cboe Canada (formerly the NEO Exchange) have recently boosted their own capabilities to challenge TMX. "When you think about our continuum, where we have our two-tiered market with [the Toronto Stock Exchange] and [the TSX Venture Exchange], you can envision something that is even earlier than Venture where you would see a different class of investors and different asset classes potentially trading on that market," Loui Anastasopoulos, chief executive officer of the TSX and global head of capital formation for TMX, told The Globe. The idea "came up a lot" in discussions with more than 600 issuers, investors and other interested parties over the past year, Mr. Anastasopoulos said.