Topaz Posted March 9, 2011 Report Posted March 9, 2011 The top three banks in Canada are against this deal and they say it will cause thousands of job and the loss of global entity. Now, I wonder what he Tories will do now that their banks are saying no to. If this is anything like the British/Canada submarine buying, I think its best to forget about this deal. http://www.financialpost.com/news/banks+oppose+deal/4406716/story.html Quote
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 The top three banks in Canada are against this deal and they say it will cause thousands of job and the loss of global entity. Now, I wonder what he Tories will do now that their banks are saying no to. If this is anything like the British/Canada submarine buying, I think its best to forget about this deal. http://www.financialpost.com/news/banks+oppose+deal/4406716/story.html You probably aren't aware that the Banks are not unbiased in this matter. They own Alpha Group Trading, which itself intends to open an exchange which would compete head to head with the TMX. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
GostHacked Posted March 9, 2011 Report Posted March 9, 2011 The top three banks in Canada are against this deal and they say it will cause thousands of job and the loss of global entity. Now, I wonder what he Tories will do now that their banks are saying no to. If this is anything like the British/Canada submarine buying, I think its best to forget about this deal. http://www.financialpost.com/news/banks+oppose+deal/4406716/story.html The deal will go through regardless. This much I am sure of. I don't like it, and I hope it gets killed. Quote
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 The deal will go through regardless. This much I am sure of. I don't like it, and I hope it gets killed. But I bet you don't why you don't like it, or why the issuing community may like it... Put it to you this way, if it isn't good for the clients of the TMX, the won't list there. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 You probably aren't aware that the Banks are not unbiased in this matter. They own Alpha Group Trading, which itself intends to open an exchange which would compete head to head with the TMX. Further... Watching some of the country's biggest financial institutions line up to oppose the TMX Group Inc.'s (X-T39.04-0.84-2.11%) plan to combine with London Stock Exchange Group Inc., the understandable question comes up, how much of this has to do with sincere concern about the fate of the country's capital markets and how much is self-interest?That question is particularly acute given that the four banks that appear to be leading the push against TMX are all shareholders of Alpha Group, the competitor to TMX's Toronto Stock Exchange that has shaken up the trading world. (Those banks are Toronto-Dominion Bank, National Bank of Canada, Canadian Imperial Bank of Commerce and Bank of Nova Scotia -- though Scotia seemed to be potentially still debating its support as of Tuesday night.) Are the banks trying some sort of push to isolate TMX in the global consolidation game, cutting it off so it will wither, leaving the field open for Alpha in stock trading? http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/the-banks-opposition-to-tmx-and-the-alpha-factor/article1934912/ Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
GostHacked Posted March 9, 2011 Report Posted March 9, 2011 But I bet you don't why you don't like it, or why the issuing community may like it... I know why I don't like it. But I am not sure why you would not like or dislike it. And I don't care. Put it to you this way, if it isn't good for the clients of the TMX, the won't list there. Where could they list, the soon to be combines NYSE and the German stock exchange? Markets are getting centralized. And I am against centralization. All eggs in one basket scenario. Quote
GWiz Posted March 9, 2011 Report Posted March 9, 2011 I know why I don't like it. But I am not sure why you would not like or dislike it. And I don't care. Where could they list, the soon to be combines NYSE and the German stock exchange? Markets are getting centralized. And I am against centralization. All eggs in one basket scenario. I agree STRONGLY for the simple reason that it's very bad for CANADA in light of the current world economic situation... This is an "end around" play/ploy to throw Canada into the "Mix" of world wide economic turmoil... Putting our GOOD fresh eggs in the basket with rotting ones has 0 benefit for Canadians and shows just how important it was when the Liberals quashed the "mergers" of Canadian and US banks some years ago... This is not all that different, just a "new" twist in getting at Canada's "smarter way" of regulating it's financial sectors... Just another reason that this Harper Regime must be stopped before it damages Canada and Canadians even more than it already has... Quote There are none so blind, deaf and dumb as those that fail to recognize, understand, and promote TRUTH...- GWiz
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 Markets are getting centralized. And I am against centralization. All eggs in one basket scenario. That's a statement without any basis in fact. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 I don't think either of you understand what a stock exchange is or why companies chose to list on any given exchange. But please continue.... Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
bush_cheney2004 Posted March 9, 2011 Report Posted March 9, 2011 (edited) ....Putting our GOOD fresh eggs in the basket with rotting ones has 0 benefit for Canadians and shows just how important it was when the Liberals quashed the "mergers" of Canadian and US banks some years ago... It doesn't matter whether you put your GOOD eggs in the same basket or invite many others to put their BAD eggs in yours. Canada has been soliciting and getting foreign capital investment since the end of WW2. There was just no way for your GOOD system to provide sufficient capital. Edited March 9, 2011 by bush_cheney2004 Quote Economics trumps Virtue.
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 It doesn't matter whether you put your GOOD eggs in the same basket or invite many others to put their BAD eggs in yours. Canada has been soliciting and getting foreign capital investment since the end of WW2. There was just no way for your GOOD system to provide sufficient capital. Correct. The TMX is an interesting organization, or more correctly, the composition is interesting. Half the listings are in resources, half the resource listing are operating overseas (See Kinross Gold). High on the list in the business development department of the TMX is to attract new overseas listings, particularly miners... No other exchange in the world has such a concentration of resource based companies and no other financial infrastructure in the world has the sell side and buy side analysts with the expertise in resources like we do here. Whether the merger goes ahead or not will not change that one iota. Nor will the TMX and the issuing community stop looking world wide for investment capital to fuel their expansion. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
GWiz Posted March 9, 2011 Report Posted March 9, 2011 No other exchange in the world has such a concentration of resource based companies and no other financial infrastructure in the world has the sell side and buy side analysts with the expertise in resources like we do here. Considering the state of the world economy what better stock exchange to get one's gloves on, eh? Now tell me the BENEFIT it has for ordinary Canadians for this to happen? Quote There are none so blind, deaf and dumb as those that fail to recognize, understand, and promote TRUTH...- GWiz
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 Now tell me the BENEFIT it has for ordinary Canadians for this to happen? Before I walk into that, what benefit do you see "ordinary" canadians receiving from it not happening? ...and just as importantly, why should "ordinary" canadians benefits form the merger of a private holding? Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
GostHacked Posted March 9, 2011 Report Posted March 9, 2011 That's a statement without any basis in fact. So markets are NOT getting combined and centralized? OH ok, no big deal then ... carry on. Quote
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 So markets are NOT getting combined and centralized? OH ok, no big deal then ... carry on. Correct, it is no big deal. African Stock Exchanges GhanaStock Exchange, Ghana Johannesburg Stock Exchange, South Africa The South African Futures Exchange(SAFEX), South Africa Asian Stock Exchanges Sydney Futures Exchange, Australia Australian Stock Exchanges, Australia Shenzhen Stock Exchange, China Stock Exchange of Hong Kong,Hong Kong Hong Kong Futures Exchange,Hong Kong National Stock Exchange of India,India Bombay Stock Exchange, India Jakarta Stock Exchange, Indonesia Indonesia NET Exchange,Indonesia Nagoya Stock Exchange,Japan Osaka Securities Exchange, Japan Tokyo Grain Exchange, Japan Tokyo International Financial Futures Exchange (TIFFE), Japan Tokyo Stock Exchange, Japan Korea Stock Exchange, Korea Kuala Lumpur Stock Exchange, Malaysia New Zealand Stock Exchange, New Zealand Karachi Stock Exchange, Pakistan Lahore Stock Exchange, Pakistan Stock Exchange of Singapore (SES), Singapore Singapore International Monetary Exchange Ltd. (SIMEX), Singapore Colombo Stock Exchange, Sri Lanka Sri Lanka Stock Closings, Sri Lanka Taiwan Stock Exchange, Taiwan The Stock Exchange of Thailand, Thailand European Stock Exchanges Vienna Stock Exchange, Austria EASDAQ, Belgium Zagreb Stock Exchange, Croatia Prague Stock Exchange, Czech Republic Copenhagen Stock Exchange, Denmark Helsinki Stock Exchange, Finland Paris Stock Exchange, France LesEchos: 30-minute delayed prices, France NouveauMarche, France MATIF, France Frankfurt Stock Exchange, Germany Athens Stock Exchange, Greece Budapest Stock Exchange, Hungary Italian Stock Exchange, Italy National Stock Exchange of Lithuania,Lithuania Macedonian Stock Exchange, Macedonia Amsterdam Stock Exchange, The Netherlands Oslo Stock Exchange, Norway Warsaw Stock-Exchange, Poland Lisbon Stock Exchange, Portugal Bucharest Stock Exchange, Romania Russian Securities Market News, Russia Ljubljana Stock Exchange,Inc., Slovenia Barcelona Stock Exchange, Spain Madrid Stock Exchange, Spain MEFF: (Spanish Financial Futures & Options Exchange), Spain Stockholm Stock Exchange, Sweden Swiss Exchange, Switzerland Istanbul Stock Exhange, Turkey FTSE International (London Stock Exchange), United Kingdom London Stock Exchange: Daily Price Summary, United Kingdom Electronic Share Information, UnitedKingdom London Metal Exchange,United Kingdom London InternationalFinancial Futures and Options Exchange, United Kingdom Middle Eastern Stock Exchanges Tel Aviv Stock Exchange, Israel Amman Financial Market, Jordan Beirut Stock Exchange, Lebanon Palestine Securities Exchange, Palestine Istanbul Stock Exhange, Turkey North American Stock Exchanges Alberta Stock Exchange, Canada Montreal Stock Exchange, Canada Toronto Stock Exchange, Canada Vancouver Stock Exchange, Canada Winnipeg Stock Exchange, Canada Canadian Stock Market Reports, Canada Canada Stockwatch, Canada Mexican Stock Exchange, Mexico AMEX, United States New York Stock Exchange (NYSE),United States NASDAQ, United States The Arizona Stock Exchange, United States Chicago Stock Exchange, United States Chicago Board Options Exchange, United States Chicago Board of Trade, United States Chicago Mercantile Exchange, United States Kansas City Board of Trade, United States Minneapolis Grain Exchange, United States Pacific Stock Exchange, United States Philadelphia Stock Exchange, United States South American Stock Exchanges Bermuda Stock Exchange, Bermuda Rio de Janeiro Stock Exchange, Brazil Sao Paulo Stock Exchange, Brazil Cayman Islands Stock Exchange, Cayman Islands Chile Electronic Stock Exchange, Chile Santiago Stock Exchange, Chile Bogota stock exchange, Colombia Occidente Stock exchange, Colombia Guayaquil Stock Exchange, Ecuador Jamaica Stock Exchange, Jamaica Nicaraguan Stock Exchange, Nicaragua Lima Stock Exchange, Peru Trinidad and Tobago Stock Exchange, Trinidad and Tobago Caracas Stock Exchange, Venezuela Venezuela Electronic Stock Exchange, Venezuela See a lot of "centralization" going on? Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
GostHacked Posted March 9, 2011 Report Posted March 9, 2011 It's just the beginning there M. Dancer. Just the beginning. Quote
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 It's just the beginning there M. Dancer. Just the beginning. Yet, other than an emotional reaction, you have no idea of why it is good or why it is bad....saying "centralization" as if that is a bad thing in itself just doesn't cut it. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
GostHacked Posted March 9, 2011 Report Posted March 9, 2011 Yet, other than an emotional reaction, you have no idea of why it is good or why it is bad....saying "centralization" as if that is a bad thing in itself just doesn't cut it. It's not emotional at all. It's rational. But I don't expect you to understand that. And besides, there is no amount of information that will 'cut it' for you. Part of the reason I don't bother. Quote
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 It's not emotional at all. It's rational. But I don't expect you to understand that. And besides, there is no amount of information that will 'cut it' for you. Part of the reason I don't bother. The other part is of course, you have none. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
GostHacked Posted March 9, 2011 Report Posted March 9, 2011 The other part is of course, you have none. You have become my favorite poster now. Quote
M.Dancer Posted March 9, 2011 Report Posted March 9, 2011 You have become my favorite poster now. Now? I always have been.. Here, the attached lists some of the benefits of a merged exchange.. http://www.tmx.com/en/pdf/issuer_update_march2011.pdf These three however impact our potential for growth and job creation. • Attracting new investors and growing the capital pool… We will enhance our efforts to actively market TSX and TSXV issuers to international investors and specifically to the Buy Side in Europe. Our work on this front to-date has been encouraging and can only improve as our own organization officially extends its footprint to these markets. • Lowering the cost of capital… Increased international awareness of Canadian companies will bring new investors and a larger pool of capital to Canada; this will result in lower costs of financing for listed companies to fuel the growth and success of TSX and TSXV issuers. • Easier access to new markets… TSX and TSXV will work with all of the exchanges across the merged group, including London Stock Exchange, AIM, AIM Italia and Borsa Italiana, to develop a more streamlined process for cross-listing in these markets, including working on mutual recognition of listing standards and faster, easier, more cost-effective cross-listing processes. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
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