Lou Eccleston: His job as chief executive officer of the TMX Group Ltd. is to ensure that clients have everything they need to make an informed decision, Lou Eccleston said Wednesday, according to The Toronto Star, Canada. Eccleston, 57, joins the TMX at a time when its facing growing competition, not just from global rivals but also at home now that Aequitas Innovations Inc. has been given the go-ahead by regulators to set up a competing stock exchange and On the controversial subject of high-frequency trading, the new leader of the countrys largest stock exchange company says hes neither for it nor against it. We re not either an advocate of high frequency trading or a critic. We want to encourage all forms of trading, Eccleston said in his first meeting with reporters since assuming the job Nov. 3. You ve got to have a marketplace where participants can come in and out. We re not trying to favour or inhibit any type of trading.
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