It is a second prospective buyer for the market formerly known as the Neo Exchange, now the Canadian division of Chicago-based Cboe Global Markets. The Canadian Securities Exchange (CSE) is reportedly also interested in a deal. (The Globe and Mail)
Talking point: Toronto-based Tradelogiq is an alternative trading system that handles 9 per cent of Canadian equity-trading volume, more than the CSE’s 7.5 per cent, according to the Canadian Investment Regulatory Organization. Laurence Rose, Tradelogiq’s chief executive officer and controlling shareholder, told The Globe that the move would inject more competition into Canada’s exchange landscape than would an acquisition by CSE. About half of all Canadian equities still trade on the Toronto Stock Exchange and the TSX Venture Exchange, both owned by TMX Group. Cboe put its Australian and Canadian divisions up for sale in October, after shutting its Japanese equities business in July when it couldn’t find a buyer.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
