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On February 9, 2011, the London Stock Exchange Group announced that they had agreed to merge with the TMX, creating a combined entity with a market capitalization of $ 5. 9 billion (£ 3. 7 billion ).
Xavier Rolet, CEO of the LSE Group, will head the company, while TMX Chief Executive Thomas Kloet will become president.
Based on data from November 30, 2010 the new stock exchange would be the second largest in the world with a market cap 47 % greater than the Nasdaq.
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