That leaves two options louis vuitton

That leaves two options for TMX executives, said Doug Clark, managing director at ITG Canada, a trading firm. “They either have to look elsewhere geographically … or they have to look at other asset classes.”

Because the Canadian market is shrinking, markets such as the United States or Asia are more appealing. And because equity trades are less profitable, it might make more sense to double down on securities such as derivatives and fixed-income products.

TMX is already making moves, having entered talks to buy DirectEdge, the fourth largest U.S. stock exchange operator. DirectEdge has 9.3-per-cent market share south of the border, and many of Canada’s biggest companies now have dual listings in both Toronto and New York.

There has also been chatter that TMX is looking to create a listings venue for small-capitalization companies in the United States, just like the Venture Exchange in Canada. Buying an exchange that's already up and running makes this a much easier task.



By pursuing DirectEdge guess
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