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.