Toronto, April 4 - Amid the continuing uncertainty over the proposed merger of the Toronto Stock Exchange with the London Stock Exchange, a majority of CEOs here say they support the merger.
The Toronto Stock Exchange, the third largest in North America, and the London Stock Exchange announced February 9 to merge to create a new global mega-bourse.
The 150-year-old Toronto Stock Exchange is the biggest resource (energy and mining) leader, with about 1,500 companies listed on it.
The current market value of the London Stock Exchange (LSE) is about $3.87 billion whereas the TMX Group is pegged at $2.99 billion.
With their merger, the two bourses will form a nearly $7-billion giant entity with offices in Toronto and London.