TMX Group CEO addresses the Toronto Board of Trade
TORONTO, April 4 /CNW/ - TMX Group Inc. CEO Tom Kloet today asserted
that the Company's proposed merger with London Stock Exchange Group plc
will directly expand and enhance both Toronto financial services sector
and Canada's capital markets.
In a speech to Toronto business leaders in the heart of the city's
financial district, Mr. Kloet clarified key elements of the proposed
merger - including permanent Canadian regulatory control and on-going
Canadian leadership - and clearly outlined the compelling opportunities
the merger presents.
Mr. Kloet said:
"The proposal we have put forward is about opening new avenues for
growth while preserving and protecting the enviable leadership we
already have. To achieve our full potential Canada needs to have a
globally competitive yet domestically focused capital marketplace with
built-in future capability and competitiveness. A marketplace through
which companies can raise the funds they need to fuel growth, compete
and create jobs. A marketplace where investors can tap into that
growth and build wealth. A marketplace that further expands Canada's
financial sector. And, a marketplace that directly contributes to
Canada's economic success. I believe we have tabled a proposal that
will deliver all of that."
The full text of Mr. Kloet's remarks may be viewed at www.tmx.com/merger.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange,
Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston
Options Exchange (BOX), Shorcan, Shorcan Energy, Equicom and other TMX
Group companies provide listing markets, trading markets, clearing
facilities, data products and other services to the global financial
community. TMX Group is headquartered in Toronto and operates offices
across Canada (Montreal, Calgary and Vancouver), in key U.S. markets
(Houston, Boston and Chicago) as well as in London. For more
information about TMX Group, visit our website at www.tmx.com.
On February 9, 2011, TMX Group Inc. announced that it had entered into
an agreement to merge with London Stock Exchange Group plc. For more
information about the proposed merger, please visit www.tmx.com/merger.
SOURCE TMX GROUP INC.
For further information:
Director, Corporate Communications