TORONTO EXCHANGE ACQUIRES STAKE IN LSE

Posted May 7, 2009

LONDON – London Stock Exchange (LSE) Group and TMX Group Inc. (TMX) today confirmed their strategic partnership, with TMX agreeing to take a 19.9 percent stake in EDX London Ltd., the LSE’s equity derivatives business.

“Acquiring this equity position in EDX London opens an exciting new door for us to participate in the growth and development of the European derivatives market, which adds a new geographic element to TMX’s diversification strategy,” says Thomas Kloet, Chief Executive Officer of TMX Group.

Starting later this year, the EDX London markets will be migrated to the SOLA Trading platform, a derivatives trading technology developed by TMX’s Montréal Exchange, which EDX London will use under license. Additionally, the two groups will work together to develop EDX London.

“We are delighted to have a new partner in EDX London. TMX’s decision to take a stake in the business is a tribute to EDX London’s strong growth and potential, as demonstrated by the striking success of the Russian derivatives service,” says Clara Furse, Chief Executive of the LSE Group.

TMX acquired its stake for a total consideration of £4.35 million or about C$7.7 million, invested in cash into EDX London.