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LSE and TMX agree to merge

IR Society members will be very interested to discover this morning that the London Stock Exchange and Canada's TMX group have agreed to merge.

The combined group will have a dual market listing and be jointly headquartered in London and Toronto.

LSE CEO, Xavier Rolet, who spoke at last year's IR Society annual conference stated:

"We are aiming at nothing less than becoming a true powerhouse in the global exchange business."