TSX Group Inc., parent company of the Toronto Stock Exchange, and International Securities Exchange Holdings Inc. plan to spend about 26 million Canadian dollars (US$22.2 million) to create the DEX, a new derivatives exchange expected to begin operations in 2009.
The exchange will be 52% owned by TSX and TSX Venture Exchange and 48% owned by ISE.
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Labels: derivatives, electronic trading, exchange, ISE, TSE, TSX
posted by Victor Lloyd Smith @ 11:53 AM
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