This week's lecture was about the International Stock Markets and stock market efficiency.
Earlier last month a "transatlantic tie up" between the London Stock Exchange (LSE) and the Toronto Stock Exchange (TSX) was in the late stages of completion. This will make a new group valued at £5.5bn. I am unsure if this will msw because of current market conditions. I do know that energy is the commodity to be purchasing from reading business pages and that this merger would get it's strength "from it's position as one of the largest international platforms for mining company listings". 30% of LSE's listings come from energy commodities where TSX has "several big gold companies as well as thousands of junior miners". Sharing these resources must msw because it increases the stock exposure.
Market efficiency
The market cannot be truly efficient or arbitrage would not be possible. Arbitrage is more return for the same amount of risk.
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