The Canadian TMX group, which owns the Toronto bourse, is in advanced talks with the London Stock Exchange over a possible merger.
TMX said in a statement that it was discussing "a possible merger of equals to create an international exchange leader.
"The merged Group would be co-headquartered in London and Toronto and continue to be overseen by its existing regulatory authorities," the statement added.
The company added the proposal included that "the executive management and senior leadership of the Merged Group will be drawn from a balance of leaders from both organizations."
TMX said in a statement that it was discussing "a possible merger of equals to create an international exchange leader.
"The merged Group would be co-headquartered in London and Toronto and continue to be overseen by its existing regulatory authorities," the statement added.
The company added the proposal included that "the executive management and senior leadership of the Merged Group will be drawn from a balance of leaders from both organizations."
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