Reuters Applies To Become Canpx Alternative

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Reuters expects to hear next month whether it will be able to establish an alternative to the Canpx consolidated bond pricing service. The Investment Dealers Association of Canada (IDA) is due to make a decision in mid-November on an application by Reuters to become a so-called recognized market transparency organization (RMTO). In filing for RMTO status, Reuters is seeking to protect its exclusive agreement with Cantor Fitzgerald for the IDB's Canadian government bond prices.

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