TMX Group Absolved of Market Abuse Allegations Following Investigation

[kreslik.news]

Canada’s Competition Bureau, an independent law enforcement agency operating in the country on behalf of domestic businesses and consumers, has terminated its investigation into TMX Group, following allegations that the group had abused its position in Canada in regards to securities market data.

TMX Group is a comprehensive exchange operator in Canada – the group oversees equities, fixed income, derivatives, and energy markets exchanges, including the Toronto Stock Exchange (TSX) and TSX Venture Exchange. Previously, allegations were levied against TMX Group by a newly formed stock exchange consortium, Aequitas, which currently is a competitor to the exchange group.

The discrepancy came down ... (read more)