tFOSE is a new derivatives exchange and clearinghouse (subject to regulatory approval) that will build innovative products, unlock global liquidity and expand investor choices.

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Implementing a market structure designed to reward volume in securities of all frequencies

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Creating a robust Canadian derivatives exchange and clearinghouse that offers cost-efficient & unique client driven products

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Attracting global liquidity for the benefit of domestic and international market participants

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Building a trusted, regulated and transparent marketplace

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Designing new investment products as industry sectors evolve

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Improving the derivatives trading experience by offering cash-settled and foreign exchange neutral solutions

Meet Our Team

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James Beattie, CEO

Respected risk capital specialist, business interventionist, and trading executive

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Albert Kovacs, COO, Trading

Trusted and respected Canadian market structure practitioner

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Madeline H Yu, CFO

Experienced Chartered Accountant and private investment fund advisor

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Daju Gu, COO, Clearing & Group CTO

Financial technology expert with in-depth risk management knowledge

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Winville Larcher, SVP, Client Management

Trading executive with extensive knowledge of Canadian financial institutions

Ke Xin Ning

Accounting and administrative support


John Fennell, Board Member & Advisor

Derivatives clearing expert serving various instrumental roles at the world’s largest options clearinghouse

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Randee Pavalow, Strategic Advisor to the Board of Directors & CEO

Legal and regulatory leader with Canadian exchange building experience

Jim Davies, Advisor
(Canadian Financial Technology Consulting)

Market technology and business development executive in Canada and USA

Rahul Suri, Founder & Managing Partner
(Clariti Strategic Advisors)

Accomplished, energetic and visionary leader, with extensive business experience in diverse industries and in many parts of the world.

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Rik Parkhill, Corporate Strategy Advisor
(Clariti Strategic Advisors)

Senior corporate strategic with experience managing international banks, brokers and exchanges.

Frank Barrilaro, Managing Director
(The Everton Carlisle Group)

Experienced derivatives trader and lecturer with certification in AI and distributed ledger technology.

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Roger Warner, Sr. Clearing Advisor

Clearing specialist with expertise in business operations, project management, and IT.

Andrew Shen, Director
(Shen Capital Partners)

Growth-focused venture capital executive with proven performance in Tech, Trading and Capital Markets.

Nicholas Brown, Advisor

Corporate Developement

Company News & Press Releases

tFOSE Provides Comments on the Draft Capital Markets Act / February 8, 2022

tFOSE Welcomes Randee Pavalow as General Counsel and Chief Compliance Officer / May 10, 2021 – Press Release

tFOSE Signs Multi-Year Deal with BNC / July 14, 2020

Industry News

Canadian Securities Regulators Outline Steps to Support Transition to T+1 / December 15, 2022

CSA Provides Guidance on Changes to Swap Data Reporting Rules / November 10, 2022

OSC announces Financial Literacy Month initiatives including new crypto content / November 1, 2022

The AMF unveils its 2022-2023 Annual Statement of Priorities / May 2, 2022

OSC Publishes 2022-2023 Statement of Priorities / April 26, 2022

Re-publication of Proposed IIROC Derivatives Rule Modernization, Stage 1 / April 14, 2022

Governance & Structure

tFOSE Group Holdings Inc. employs the expertise of a globally experienced management team and operations staff with strong backgrounds in all aspects of capital markets. With this vast array of knowledge, the tFOSE team is well positioned to satisfy the goal of creating a vertically integrated and all-inclusive derivatives exchange operation offering three main business segments:

We'd love to hear from you

General inquiries and comments:  Email or fill out our form