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The Montreal Exchange has hired Claude Cyr from Newedge Canada as senior vice-president of financial markets.The derivatives exchange, part of the TMX Group since its merger with the Toronto Stock Exchange in 2007, said Cyr would join...
"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."
Clive Furness, MD, Contango Markets