The London and Toronto stock exchanges started the clock ticking on Friday for the months-long Canadian government review of a $3 billion tie-up that has already polarized public opinion. Nearly three months after announcing the deal, to opposition from some banks, politicians and companies, the London Stock Exchange (LSE.L) and TMX Group (X.TO) said they filed an application for review under the Investment Canada Act and had talked with provincial securities regulators. "Filing with the regulators is a good sign," said Renee Colyer, chief executive of global markets research consulting firm Forefactor. "They're hoping for the best, they believe in what they're doing, they believe it's good for Canada, it's good for London."
TMX Group Inc. is an integrated, multi-asset class exchange group. Shares of X traded higher by 0.02% or $0.01/share to $47.67. In the past year, the shares have traded as low as $36.93 and as high as $64.03. On average, 10469000 shares of X exchange hands on a given day and today's volume is recorded at 8344665.
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