LSEB Lon.Stk.Exch.B

 

TIDMLSE TIDMLSEB 
 
RNS Number : 8678R 
London Stock Exchange Group PLC 
07 May 2009 
 

 
 
 
 
7 May 2009 
 
 
TMX GROUP to take 19.9 per cent stake in edx London 
 
 
London Stock Exchange Group and TMX Group Inc. (TMX) today cemented their 
recently announced strategic partnership, with TMX agreeing to take a 19.9 per 
cent stake in EDX London Limited, the London Stock Exchange's equity 
derivatives business. 
 
 
Starting later this year, the EDX London markets will be migrated to the SOLA 
Trading platform, a leading derivatives trading technology developed by TMX's 
Montréal Exchange, which EDX London will use under licence. Additionally, the 
two groups will work together to develop EDX London. 
 
 
Thomas Kloet, TMX Chief Executive Officer, said: 
 
 
"Acquiring this equity position in EDX London opens an exciting new door for us 
to participate in the growth and development of the European derivatives market, 
which adds a new geographic element to TMX's diversification strategy." 
 
 
Clara Furse, Chief Executive of London Stock Exchange Group, said: 
 
 
"We are delighted to have a new partner in EDX London. TMX's decision to take a 
stake in the business is a tribute to EDX London's strong growth and potential, 
as demonstrated by the striking success of the Russian derivatives service." 
 
 
TMX acquired its stake for a total consideration of GBP4.35 million or 
approximately Canadian $7.7 million, invested in cash into EDX London. For the 
year to 31 March 2008, EDX London had gross assets of approximately GBP17.7 
million and profit before tax of approximately GBP5.1 million. 
 
 
- End - 
 
 
For further information, please contact: 
+----------------------------------------+----------------------------------------+ 
| London Stock Exchange Group            |                                        | 
+----------------------------------------+----------------------------------------+ 
| Catherine Mattison                     | +44 (0)20 7797 1222                    | 
+----------------------------------------+----------------------------------------+ 
|                                        |                                        | 
+----------------------------------------+----------------------------------------+ 
| TMX Group                              |                                        | 
+----------------------------------------+----------------------------------------+ 
| Carolyn Quick                          | + 1-416-947-4597                       | 
+----------------------------------------+----------------------------------------+ 
| Lise Tessier                           | + 1-514-871-2424 x 412                 | 
+----------------------------------------+----------------------------------------+ 
 
 
Notes to Editors 
 
 
  1.  Created in 2003, EDX London is the London Stock Exchange's equity derivatives 
  market providing the international investor community a gateway to Scandinavian 
  and Russian International Order Book derivatives. The market, which is now 
  19.9 per cent owned by TMX Group, and the remaining 80.1 per cent by London 
  Stock Exchange Group has over 80 member firms, including the leading European 
  and global investment banks and derivatives firms. Trades are cleared through 
  LCH.Clearnet, and the exchange offers a cleared-only service for IOB equity 
  derivatives. 
 
 
 
 
 
About London Stock Exchange Group: 
 
 
London Stock Exchange Group is Europe's leading diversified exchange business. 
It operates Europe's largest and most liquid equity market, holds the number one 
position in trading ETFs and securitised derivatives, and through its interest 
in MTS, is the leading platform for the trading of fixed income products. 
 
The London Stock Exchange itself is the world's most international exchange with 
nearly 700 overseas companies from over 70 countries on its markets. It has 
consolidated this position in the last three calendar years, having attracted 
218 international companies which raised over GBP32 billion between them. These 
figures include international companies on AIM, the London Stock Exchange's 
growth market, which has grown to become the world's most successful market for 
small and medium sized enterprises with over 1500 companies at the end of 2008. 
 
Following its merger with Borsa Italiana in 2007, London Stock Exchange Group 
also now offers post-trade services such as netting, clearing and settlement on 
an efficient and competitive basis, and a comprehensive range of European bond 
trading services through MTS. 
 
 
 
 
About TMX Group: 
 
 
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, Natural Gas Exchange, Boston 
Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide 
trading markets, clearing facilities, data products and other services to the 
global financial community. TMX Group is headquartered in Toronto with offices 
in Montreal, Calgary and Vancouver. For more information about TMX Group, visit 
our website at www.tsx.com. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCSSMFFWSUSEII 
 

Lon.Stk.Exch.B (LSE:LSEB)
Historical Stock Chart
From Jun 2024 to Jul 2024

Lon.Stk.Exch.B (LSE:LSEB)
Historical Stock Chart
From Jul 2023 to Jul 2024