Canada's central bank would seek assurances that a takeover of TMX Group (X.TO) not impede its ability to regulate the clearing of Canadian financial products, Bank of Canada Governor Mark Carney said in an interview published on Friday. Carney did not comment on the merits of either of the two offers for TMX, the operator of the Toronto Stock Exchange, but suggested that the central bank's regulatory oversight could be weakened if clearing arrangements are moved offshore. The friendly bid by the London Stock Exchange Group (LSE.L) for TMX raises that prospect. A competing bid by Maple Group Acquisition Corp, a consortium of Canadian financial institutions and pension funds, includes a promise to combine Clearing and Depository Services Inc (CDS) with TMX Group as part of its bid for the exchange operator.
TMX Group Inc. is an integrated, multi-asset class exchange group. Shares of X fell by 3.02% or $-1.3/share to $41.81. In the past year, the shares have traded as low as $36.93 and as high as $64.03. On average, 8807520 shares of X exchange hands on a given day and today's volume is recorded at 5671495.
Source
