MERGER: TSX and LSE plan to be largest exchange in world

TORONTO and LONDON, UK - Calling it a merger of equals, the TMX Group, operator of the TSX, and the London Stock Exchange Group (LSEG) plan to merge. The new company will be the world's largest exchange with 6,700 listings and a market value of...

TORONTO and LONDON, UK - Calling it a merger of equals, the TMX Group, operator of the TSX, and the London Stock Exchange Group (LSEG) plan to merge. The new company will be the world's largest exchange with 6,700 listings and a market value of approximately $5.8 trillion. With the support of natural resources, mining, energy and clean technology listings, the merged group promises to focus on growth.

LSEG-TMX will be jointly headquartered in Toronto and London, UK. Xavier Robet, currently LSEG CEO, will be CEO of the new company and based in London. Thomas Kloet, now CEO of TMX will be the president and based in Toronto. The new CFO will be Michael Ptasznik, currently CFO of TMX.

International offices will retain responsibilities for their areas of expertise: Toronto for primary markets, Montreal for derivatives, Calgary for energy, London for international listings, Milan for fixed income and equities trading. The group will also have offices in Colombo, Rome and Vancouver.

The deal is subject to shareholder and regulatory approvals.

Learn more at www.TSX.com and www.LondonStockExchange.com.

(Hot Topic: Do you believe the merger of the TSX and LSE will be a good thing or bad thing for Canadian mining companies? Go the CMJ website to vote in the Hot Topic Opinions box on the left.)

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