TMX exec pitches stock exchange merger to PDAC
Merging the Toronto and London stock exchanges will give mining companies greater visibility and is necessary for the exchanges to be competitive, says a senior executive at TMX Group. Canadian Press reports:
A senior executive at the TMX Group says the merger between the operators of the Toronto and London stock exchanges will give Canadian miners greater visibility on the world stage and more investment opportunities, The Canadian Press reported.
Speaking at the Prospectors and Developers Association of Canada's convention, Kevan Cowan, head of equities at TSX Markets, said Monday that consolidation in the exchange industry is necessary to compete.