LSE's Canadian tie-up: a taste of the future

The London Stock Exchange may have caught the market off-guard with news it is to merge with Canada’s TMX Group – but both exchanges have been under pressure in their domestic markets and global consolidation remains in the air

The London market was caught off-guard this morning with the news that the City's iconic exchange, the London Stock Exchange Group, is set to merge with Canadian resources giant TMX Group.

The market appears to be pretty bullish on the deal - with shares rising by 9.7% to 978p at 13.40 GMT - with many market-watchers hailing the deal as a strong move.

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