OSC approves amendments to Toronto Stock Exchange rules
Exchanges to close on Dec. 26-27, Jan. 2
Deal designed to ease the exchange’s global expansion and growth, and diversify its business
The group planning to buy TMX is in ongoing discussions with Alpha
The proposed acquisition of Alpha by Maple Group may have implications for governance and conflicts of interest mechanisms in place for exchanges
Firm is also developing a market maker program
Opponents fear a small, powerful group taking control of most of the trading and listing business and all of the clearing business
Combining trading and clearing would create efficiencies and those cost savings would be passed along to market participants
Earlier outage affected dymbols beginning with letters M to Z
Lack of competition in equities trading and clearing and settlement services worries smaller investment firms