TMX Shares Trailing Exchange Peers as Volume Slumps
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TMX Group Ltd. is the worst-performing exchange stock in North America this year, as a rout in global commodity prices cuts equity trading volume and a bank-led competitor prepares to enter the business.
Shares of Toronto-based TMX have dropped 7.6 percent in 2013, the only decline among a group of six North American exchange providers including NYSE Euronext and Nasdaq OMX Group Inc., according to data compiled by Bloomberg. The top performer, Chicago-based CBOE Holdings Inc., has gained 72 percent in the same period.