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Wednesday, February 9, 2011

FACTBOX-LSE to buy Toronto exchange, (LSE), (TSE: X)

The London Stock Exchange (LSE.L) is to buy the owner of the Toronto Stock Exchange TMX Group (X.TO) in an all share deal that will create a mining-dominant exchange at a time of rising commodity prices. Here are some facts about the two exchanges: LSE The London Stock Exchange began in the coffee houses of London in the 17th century. In recent years, the LSE has been fighting to claw back business lost to low-cost competitors such as Chi-X Europe and Bats Europe, which have grown quickly off the back of high-volume trading firms.

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