1. TMX in Talks to Buy Direct Edge.
- Author
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Dummett, Ben, Bunge, Jacob, Patterson, Scott, and Das, Anupreeta
- Subjects
- *
MERGERS & acquisitions , *STOCKS (Finance) , *STOCK exchanges - Abstract
The article discusses TMX Group Inc., the top stock exchange operator in Canada, and its efforts to acquire the U.S. exchange group Direct Edge Holdings LLC. Topics include obstacles to the negotiations including obtaining shareholder approval, TMX's plans for global expansion, and investigations by the U.S. Securities and Exchange Commissions regarding ties between Direct Edge and high-frequency traders.
- Published
- 2012