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Tom Kloet explains TMX's Sola-powered growth

20 July 2009

When the Boston Options Exchange and London Stock Exchange’s EDX wanted a new matching engine, they turned to Sola, a system built by TMX Group. The result: TMX owns stakes in both exchanges. But as Tom Kloet, the Canadian exchange group’s CEO, tells Colin Packham, that is not the only winner in his hand. Canada’s options market has hardly begun and, with the regulators sympathetic, there is everything to play for. And Kloet even has a word of advice for the regulators on central clearing.

Read more: [Tom Kloet] [TMX] [Bourse de Montreal] [Toronto Stock Exchange] [Sola] [EDX] [London Stock Exchange] [LSE] [Boston Options Exchange]

When the Boston Options Exchange and London Stock Exchange’s EDX wanted a new matching engine, they turned to Sola, a system built by TMX Group. The result: TMX owns stakes in both exchanges. But as Tom Kloet, the Canadian exchange group’s CEO, tells Colin Packham, that is not the only winner in his hand. Canada’s options market has hardly begun and, with the regulators sympathetic, there is everything to play for. And Kloet even has a word of advice for the regulators on central clearing.

When the Boston Options Exchange and London Stock Exchange’s EDX wanted a new matching engine, they turned to Sola, a system built by TMX Group. The result: TMX owns stakes in both exchanges. But as Tom Kloet, the Canadian exchange group’s CEO, tells Colin Packham, that is not the only winner in his hand. Canada’s options market has hardly begun and, with...