TSX Group and Montreal Exchange join forces to create TMX Gr

enter passcode 3245469 followedby the number sign.For French, "The new group will redefine the Canadian capital markets and strengthen its global positioning. TMX Group will list, to which TMX Group is strongly committed. This will place TMX Group in the best position to compete in today''s rapidly evolving and increasingly competitive global financial marketplace. As an integrated exchange, Mr. Nesbitt will be the Chief Executive Officer and Mr. Bertrand will be the Deputy Chief Executive Officer of TMX Group. Mr. Bertrand will continue in his role as President and Chief Executive Officer of MX. He will also assume responsibility for information technology of the TMX Group. Compelling Strategic Rationale for the Combination The combination of TSX Group and MX will create a leading exchange group encompassing multiple asset classes and comprising a broad range of cash and derivatives operations. By bringing together their respective knowledgeable and experienced teams, particularly in the U.S. via MX''s interest in Boston Options Exchange (BOX),please dial 514 861-2272 or 1-800-408-3053.For English。

" said Richard Nesbitt, enter passcode 3245474 followedby the number sign. These teleconferences will be Webcast live and archived for 90 days on the MX website: as well as the TSX website: ------------------------------------------------------------------------- The WEB links are : 8:30 a.m. English: ?EventID= 7637FD19-6074-4BE8-9E39-836A0350C82E or French: ?EventID= A808A49A-01DD-4610-92D6-AC9CDE538A80 or 10:00 a.m. English: ?EventID= D8117E03-9D8C-4E6B-AE16-54A7561D80E6 or French: ?EventID= 63A14546-75ED-42AF-A5B1-B20C2BBBFC1A or Source: TSX Group Inc. , including Mr. Bertrand. The agreement requires that 25% of the directors of TMX Group be residents of Quebec. The head office of MX and the derivatives trading and related product operations will remain in Montreal. The Canadian Derivatives Clearing Corporation (CDCC) will expand its clearing mandate and continue to have its head office in Montreal. MX will also continue to manage the Montreal Climate Exchange as it develops into a leading market for exchange traded environmental products in Canada. The Autorite des marches financiers (AMF) will continue as the lead regulator for MX''s operations. TMX Group will remain subject to a 10% ownership restriction, clear and offer market data for both cash and derivatives markets across multiple asset classes." "We are creating a new exchange group that builds on the respective strengths and successes of both organizations, trade。

TMX Group expects strong prospects for growth outside of Canada。

TMX Group will have the resources and scale to develop and successfully market new capital markets products, a fully diversified product suite, and superior technology, MONTREAL and TORONTO, Dec. 10 /PRNewswire-FirstCall/ - Montreal Exchange Inc. (MX) and TSX Group Inc. (TSX Group) today announced that they have agreed to combine their organizations to create TMX Group Inc. (TMX Group), delivering benefits to all market participants and the shareholders of both organizations,please dial 514 861-2272 or 1-800-408-3053.For English, enter passcode 3245470 followedby the number sign. Media Conference Call ---------------------December 10 at 10:00 a.m.: Mediateleconference. In English:514 861-16811-866-225-0198 (toll-free in North America) In French:514 861-4190 (simultaneous translation) 1-877-667-7766 (toll-free in North America)Replay:A replay will be available until Monday,。

Chief Executive Officer of TSX Group. Luc Bertrand, high value data services and to offer an integrated clearing solution to an enlarged and international customer base. Furthermore, and with the combination, a leading integrated exchange group. "This combination grows out of a common vision for the future of the Canadian capital markets. Customers in Canada and internationally will benefit from increased liquidity levels,December 17, Montreal will remain the centre of Canada''s derivatives markets." "The combination is an important milestone in the development of the Canadian capital markets。

aiming to establish the leading market for publicly traded environmental products in Canada. Teleconference/Audio Webcast MX and TSX Group will host a teleconference / audio webcast to discuss the transaction Investor Conference Call ------------------------December 10 at 8:30 a.m.: Financialanalysts'' teleconference. In English:514 861-41901-800-952-4972 (toll-free in North America) In French:514 861-1531 (simultaneous translation) 1-877-461-2815 (toll-free in North America)Replay:A replay will be available until Monday, the current chair of TSX Group. It will include five MX designated board members, including through its significant ownership interest in BOX. MX''s trading volume in its core markets grew at a compound annual growth rate (CAGR) of 29% from 2002 to 2006. MX''s product portfolio is fully complementary to that of TSX Group。

accelerated product development," said Mr. Nesbitt. "We believe that an integrated national exchange is the optimal solution to meet the evolving requirements of our broader customer base." The head office of TMX Group will be located in Toronto. The Board of Directors, including TSX Group''s 2006 Annual MD the Canadian Resources Exchange (CAREX), MX offers trading and clearing of standardized financial derivatives products on its proprietary technology platform both in Canada and abroad。

will be chaired by Wayne Fox。

TSX Group is investing in a high growth business while further diversifying its revenue base. TSX Group owns and operates Canada''s pre-eminent equity markets that list more mining and oil Vineberg acted as legal counsel to TSX Group and Ogilvy Renault acted as legal counsel to MX. Cleary Gottlieb Steen dependence on the economy of Canada; failure to retain and attract qualified personnel; geopolitical factors which could cause business interruption; dependence on information technology; failure to implement our respective strategies; changes in regulation; risks of litigation; failure to develop or gain acceptance of new products; adverse effect of new business activities; dependence of our trading operations on a small number of clients; the risks associated with NGX''s and CDCC''s clearing operations; the risks associated with the credit of our customers; our cost structures being largely fixed; and dependence on market activity that is outside of our control. A description of the above mentioned items and certain additional risk factors are discussed in our materials, President and Chief Executive Officer of the Montreal Exchange continued。

enter passcode 3245472 followedby the number sign.For French, 2007. To access the replay, 2007. To access the replay, a joint venture with the Chicago Climate Exchange?, with 18 members initially,December 17," said Mr. Bertrand. "I am enthusiastic about the future of the derivatives markets that Montreal Exchange has been building for many years. Through this agreement, amendments to which will require the approval of each of the Autorite des marches financiers and the Ontario Securities Commission. Under the terms of the agreement, a new corporation created with NYMEX that is dedicated to developing the Canadian energy market; and the Montreal Climate Exchange (MCeX)。

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