Jitneytrade News

CANACCORD GENUITY GROUP INC. ANNOUNCES PROPOSED ACQUISITION OF JITNEYTRADE AND ITS RELATED TECHNOLOGY BUSINESS FINLOGIK

Added 04-26-2018

CANACCORD GENUITY GROUP INC. ANNOUNCES PROPOSED ACQUISITION OF JITNEYTRADE

Agreement strengthens Canaccord Genuity’s market share as the leading independent trader in
Canada and leverages its existing back-office infrastructure to aid in the development of fintech
solutions to support its capital markets and wealth management divisions

TORONTO, April 25, 2018 – Canaccord Genuity Group Inc. (the “Company”), is pleased to
announce that it has entered into an agreement to acquire Jitneytrade Inc. and Finlogik Inc. directly
and through the purchase of Finlogik Capital Inc. This development serves to support Canaccord
Genuity’s mid-market growth strategy by enhancing its market share of equities trading and providing
access to new areas of growth through accelerating its development of an enhanced fintech product
offering.
Upon closing, the firm’s clients will benefit from an expanded product offering which will include
futures, options and low latency trading capabilities. This addition also brings deep technological
expertise, leverages the firm’s existing infrastructure and can aid in the potential future development
of discount brokerage and robo-advisory offerings to support the Company’s rapidly growing wealth
management division.
“Jitneytrade and Finlogik offer a range of technological capabilities that create a compelling
opportunity to accelerate revenue growth in our business and add key service offerings, as we
continue to meet the evolving needs of our institutional and wealth management clients,” said Dvai
Ghose, Head of Strategic Development for Canaccord Genuity Group Inc. “We expect that the
differentiated and highly scalable Jitneytrade platform for options and futures trading will benefit our
existing clients through an enhanced product and service offering.”
“On behalf of the partners of Jitneytrade and Finlogik, we are excited to partner with Canaccord
Genuity to bring our product offerings to a broader and more diverse range of investors,” said JF
Sabourin, President & CEO of Jitneytrade. “This development creates a unique opportunity for our
business to leverage our trading capability and offer our clients better access to the global financial
markets, while further expanding our fintech offering.”
Founded in 2001, Jitneytrade Inc. is a direct access broker, the largest trader of futures and an active
trader in equity options on the Montréal Exchange, with a diverse customer base which includes
discount brokerage clients, sophisticated trading groups and leading institutions in Canada and
internationally. The business has been consistently ranked in the top tier by volume for MX Futures
and Options and is one of the top 10 active trading brokers on the Toronto Stock Exchange.
Jitneytrade will continue to be managed by JF Sabourin, as part of Canaccord Genuity’s Canadian
operations.
Finlogik has been delivering value-added fintech solutions in the Canadian market for over 15 years.
This development will continue as part of the Canaccord Genuity platform. The company designs and
manages cloud-based investment solutions, in addition to analytical dashboards that provide
benchmarking, reporting and large-scale data processing tools to help investors assess portfolio risk,
exposure and performance across a broad range of financial instruments. Finlogik will continue to be
managed by Eric Côté as part of Canaccord Genuity in Canada.
Jitneytrade Inc. is a dealer registered with the Investment Industry Regulatory Organization of
Canada (IIROC). The acquisition is subject to regulatory approvals and customary closing and preclosing
conditions. It is expected that the integration process with our existing Canadian operations
will commence immediately after closing and continue through to the end of the year. During this
integration period and until the transition is complete, Jitneytrade will continue to operate as a
separate broker-dealer registered with IIROC offering its current products and services to its existing
customers.

ABOUT CANACCORD GENUITY GROUP INC.

Through its principal subsidiaries, Canaccord Genuity Group Inc. (the “Company”) is a leading
independent, full-service financial services firm, with operations in two principal segments of the
securities industry: wealth management and capital markets. Since its establishment in 1950, the
Company has been driven by an unwavering commitment to building lasting client relationships. We
achieve this by generating value for our individual, institutional and corporate clients through
comprehensive investment solutions, brokerage services and investment banking services. The
Company has Wealth Management offices located in Canada, the UK, Guernsey, Jersey, the Isle of
Man and Australia. Canaccord Genuity, the international capital markets division, operates in North
America, the UK & Europe, Asia, Australia and the Middle East. To us there are no foreign
markets.TM
Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

This press release may contain “forward-looking information” as defined under applicable securities
laws (“forward-looking statements”). These statements relate to future events or future performance
and reflect management’s expectations, beliefs, plans, estimates, intentions and similar statements
concerning anticipated future events, results, circumstances, performance or expectations that are not
historical facts, including business and economic conditions and Canaccord Genuity Group’s growth,
results of operations, performance and business prospects and opportunities. Such forward-looking
statements reflect management’s current beliefs and are based on information currently available to
management. In some cases, forward-looking statements can be identified by terminology such as
“may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”,
“continue”, “target”, “intend”, “could” or the negative of these terms or other comparable terminology.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general
and specific, and a number of factors could cause actual events or results to differ materially from the
results discussed in the forward-looking statements. In evaluating these statements, readers should
specifically consider various factors that may cause actual results to differ materially from any forwardlooking
statement. These factors include, but are not limited `to, market and general economic
conditions, the nature of the financial services industry and the risks and uncertainties discussed from
time to time in the Company’s interim condensed and annual consolidated financial statements, its
annual report and its annual information form (“AIF”) filed on www.sedar.com as well as the factors
discussed in the sections entitled “Risk Management” and “Risk Factors” in the AIF, which include
market, liquidity, credit, operational, legal and regulatory risks. Material factors or assumptions that
were used by the Company to develop the forward-looking statements contained in this press release
include, but are not limited to, those set out in the Fiscal 2018 Outlook section in the annual MD&A
and those discussed from time to time in the Company’s interim condensed and annual consolidated
financial statements, its annual report and the AIF filed on www.sedar.com. The preceding list is not
exhaustive of all possible risk factors that may influence actual results. Readers are cautioned that the
preceding list of material factors or assumptions is not exhaustive.
Although the forward-looking statements contained in this press release are based upon what
management believes are reasonable assumptions, there can be no assurance that actual results will be
consistent with these forward-looking statements. The forward-looking statements contained in this
press release are made as of the date of this press release and should not be relied upon as representing
the Company’s views as of any date subsequent to the date of this press release. Except as may be
required by applicable law, the Company does not undertake, and specifically disclaims, any obligation
to update or revise any forward-looking statements, whether as a result of new information, further
developments or otherwise.


FOR FURTHER INFORMATION CONTACT
For investor and media relations inquiries

Christina Marinoff
Vice President, Investor Relations & Communications
Phone: 416-687-5507, email: christina.marinoff@canaccord.com
www.canaccordgenuitygroup.com

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