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stock exchange
June 7, 2011
2:00AM
On May 30, the Mercado Integrado Latinoamericano (MILA) an integrated stock exchange of three Latin American countries (Chile, Colombia and Peru), will be launched. It is a development that the TMX Group, which announced a merger in February with the London Stock Exchange (LSE), and its regulators should heed, in that it shows how to create real value for companies and investors when merging exchanges.
February 16, 2011
2:00AM
The proposed TMX-London Stock Exchange merger and the more recently announced acquisition of NYSE Euronext by Deutche Boerse AG follow a trend of cross-border mergers of exchanges as capital markets become more integrated globally. The benefits of this trend are clear: Companies have access to more investors, investors have easier access to foreign stocks, and larger exchanges may be able to achieve economies of scale, with the cost savings passed on to both companies and investors.