Briefly: TSX and MX complete merger

(May 1, 2008) It’s a done deal — the TSX Group and the Montreal Exchange officially created the TMX Group on Thursday.

“We are pleased to have completed this transaction,” says Michael Ptasznik, interim co-CEO of TMX Group. “Our new company will redefine the Canadian capital markets and strengthen its global positioning.”

Luc Bertrand, president and CEO of MX, says, “We are thrilled to be forming TMX Group. We are building an integrated Canadian exchange that brings together cash and derivatives trading for the first time. We seek distinctive positioning in the exchange space.”

The agreement required the TSX Group to add five Quebec-resident directors to the board. The new additions are Bertrand, Denyse Chicoyne, Carmand Normand, Jean Turmel and Laurent Verreault.

Bertrand was also appointed deputy CEO of TSX Group and remains president and CEO of TMX.

(05/01/08)

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