The Deal
The Deal, a publication covering the M&A space, looks into the recent spate of exchange mergers. GreySpark looks at some of the specifics, maintaining that the LSE bid on the TMX group is defensive in practice, noting the London exchange has had less success than its rivals including NYSE Euronext, NASDAQ OMX Group Inc. and Deutsche Börse, in licensing its proprietary trading platform. The firm goes on to comment that since the LSE has not been able to license its technology, they are now buying an exchange to impose it instead. The article goes on to examine the various strengths of the deal, focusing on derivatives as an area that TMX is currently very strong in, and as an area that the LSE is looking to expand into, noting that this deal dramatically increases LSE\’s exposure to mining and resource stocks.
