Janet Ecker, president of the Toronto Financial Services Alliance, discusses the proposed merger of TMX Group and the London Stock Exchange and its impact on mining and metals financing.
The proposed merger of TMX Group and the London Stock Exchange has provoked uncharacteristically strong and diverse reactions within the financial community. Those mixed views were clearly displayed during four days of hearings on the deal before the select committee of the Ontario Legislature. How they will judge the strong arguments for and against the deal in their report later this month is anyone’s guess. Whatever their verdict, and those of the review processes yet to come, we must remember that Toronto is the global leader in mining and metals financing, with TMX playing a significant role. With or without this deal, all sides agree on the need to retain that leadership.