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Merrill Under the CAP: The Chicago Stock Exchange (CHX) has snatched up Merrill Lynch as the first customer of its Certificate Automation Program. CAP is a program launched by CHX which calls for the exchange to handle stock and bond certificate processing for securities firms. As a participant in CAP, Merrill will forward all of the stock and bond certificates it receives in the U.S. to the Securities Trust Company of New Jersey (STC/NJ) -- a new entity that CHX will form to assist with CAP

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TMX launches ATS in US

The move represents the first expansion of the exchange group’s markets business outside of Canada.

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