The proposed merger between the London Stock Exchange and the Toronto Stock Exchange will create a boardroom with seven Canadians, four Brits, three Italians and one Frenchman, demonstrating the international nature of the merged firm – and the pressure to provide a strong Canadian presence.

The London Stock Exchange yesterday outlined the breakdown of the proposed board in a 78-page prospectus on the proposed C$3.2bn (€2.3bn) deal with TMX Group. The LSE also confirmed the enlarged business would be known as the LTMX Group.