Toronto Stock Exchange (TSX) CEO Richard Nesbitt has told an
audience at International Finance Club of Montréal that
his exchange will be making a decision by the end of this year
as to how it will plan the long-term addition of financial
derivatives to its product roster.
Nesbitt reiterated TSX's position that unless a merger can
be forged with Montréal Exchange (MX), it will challenge
MX for Canada's derivatives business after a non-compete clause
between the exchanges expires in 2009.
However, the response from MX has been frosty with CEO Luc
Bertrand saying in reports that Nesbitt's ideology was founded
on "a false premise".
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