TORONTO, LONDON, April 29 /CNW/ - TMX Group and London Stock Exchange
Group (LSEG) have initiated the application process with Canadian
federal and provincial authorities regarding their proposed merger.
Application for review under the Investment Canada Act was made today.
LSEG has committed to publicly disclosing undertakings made at the
conclusion of the review process. As part of the application process,
TMX Group and LSEG have held discussions with provincial securities
regulatory authorities. Communications regarding these applications,
which will be made in the coming weeks, and their publication will be
made by the various provincial securities regulators according to their
individual processes. All applications will be based on the terms of
the merger agreement made public on February 9, 2011.
The Ontario Select Committee has taken considerable time to review the
merits of the merger and to prepare a detailed report containing a
number of recommendations. This report, as well as other feedback
received during the regulatory review process, will receive full
consideration during the course of the approval process with the
TMX Group and London Stock Exchange Group remain committed to ongoing
dialogue with all stakeholders in the weeks ahead and look forward to
working constructively with Canadian federal and provincial authorities
to achieve the approvals required for the 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.
About London Stock Exchange Group plc (LSE.L)
London Stock Exchange Group plc sits at the heart of the world's
financial community. LSEG operates a broad range of international
equity, bond and derivatives markets, including the London Stock
Exchange; Borsa Italiana; MTS, Europe's leading fixed income market;
and Turquoise, offering pan-European and US lit and dark equity
trading. Through its markets, LSEG offers international business
unrivalled access to Europe's capital markets.
LSEG is a leading developer of high-performance trading platforms and
capital markets software and also offers its customers around the world
an extensive range of real-time and reference data products and
market-leading post-trade services.
Headquartered in London and with significant operations in Italy and Sri
Lanka, LSEG employs approximately 1,500 people. Further information on
LSEG can be found at www.londonstockexchangegroup.com
SOURCE TSX Group Inc.
For further information:
Director, Corporate Communications
Head of Media Relations
London Stock Exchange Group plc
+44 (0)7967 044840, firstname.lastname@example.org