MX first quarter revenues rise 15%

27 Apr 2007

Montreal Exchange (MX)'s revenue rose 15% to $21.9m during Q1. The increase in revenues was due principally to increased trading volumes, as average daily volume grew 26% from the same period...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.