TSX Group, which owns the Toronto Stock Exchange, is to buy the Montreal Exchange, after overcoming resistance from its management.
Toronto Stock Exchange operator TSX Group and the New York-based International Securities Exchange (ISE) will jointly launch a new Canadian derivatives exchange in 2009.
The Montréal Exchange has announced it will list its shares without an offering in March or April next year.
The Toronto Stock Exchange (TSX) will set up its own derivatives exchange in 2009 if a merger with the Montreal Exchange does not go ahead, chief executive Richard Nesbitt said yesterday.
The Toronto Stock Exchange (TSX) is keen to enter the derivatives market as soon as it can, chief executive Richard Nesbitt said yesterday. Meanwhile, Eurex confirmed it would list foreign exchange futures from September 23 this year, the only major...