TMX Group Limited is a Canadian financial services company that operates equities, fixed income, derivatives, and energy markets

exchange Exchange or exchanged may refer to: Arts, entertainment and media Film and television * Exchange (film), or ''Deep Trap'', 2015 South Korean psychological thriller * Exchanged (film), 2019 Peruvian fantasy comedy * Exchange (TV program), 2021 Sou ...

s. The company provides services encompassing listings, trading, clearing, settling and depository facilities, information services as well as technology services for the international financial community. TMX Group is best known for its

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

(TSX), which serves the senior equity markets, and TSX Venture Exchange (TSXV), which serves the public venture equity market. TSXV was formerly known as the Canadian Venture Exchange (CDNX), but it also owns and operates other exchanges in Canada, including Montréal Exchange and TSX Alpha Exchange, as well as the country's depository, clearing and settlement business, CDS. TMX Group also owns and operates TMX Equity Transfer Services, Shorcan Brokers Limited, the Canadian Derivatives Clearing Corporation (CDCC), as well as stakes in both CanDeal.ca Inc. and BOX Options Exchange. Other notable subsidiaries of TMX Group include Trayport Limited, the developer of the Joule electronic trading platform for energy markets, and TMX Datalinx, which provides data products and services. TMX Group is headquartered in

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

and operates offices across Canada (

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Calgary Calgary () is a major city in the Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806 making it the third-largest city and fifth-largest metropolitan area in C ...

and

Vancouver Vancouver is a major city in Western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the cit ...

), in key U.S. markets (

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and

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), and overseas (

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and

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History

In 2001, the Toronto Stock Exchange acquired the Canadian Venture Exchange (formed by the merger of the Vancouver Stock Exchange and Alberta Stock Exchange on November 29, 1999), which was renamed the TSX Venture Exchange on July 31, 2001. The acquisition was carried out through a parent company, TSX Group Inc. The

Montreal Exchange The Montreal Exchange (MX; ), formerly the Montreal Stock Exchange (MSE), is a derivatives exchange, located in Montreal, Quebec, Canada that trades futures contracts and option (finance), options on equities, indices, currencies, ETFs, energy and ...

was acquired on December 10, 2007, for C$1.31 Billion. The acquisition was completed on May 1, 2008, and the corporation subsequently renamed to TMX Group Inc. On June 11, 2008, at a meeting of shareholders of TSX Group Inc, a resolution to change the name of the corporation to TMX Group Inc. was put forward. The formal vote for the deal took place in September. On February 9, 2011, the

London Stock Exchange Group London Stock Exchange Group plc, also known as LSEG, is a global provider of financial markets data and infrastructure headquartered in London, England. It owns the London Stock Exchange (on which it is also listed), Refinitiv, LSEG Technol ...

announced that they had agreed to merge with the TMX, creating a combined entity with a market capitalization of $5.9 billion (£3.7 billion). Xavier Rolet, CEO of the LSE Group, will head the company, while TMX Chief Executive Thomas Kloet will become president. Based on data from November 30, 2010, the new stock exchange would be the second largest in the world with a market cap 47% greater than the Nasdaq. Announced on June 1, 2011, the provisional name for the combined group would be LTMX Group plc. On June 13, 2011, a rival bid from the ''Maple Group'' of Canadian interests, was unveiled: a cash and stock bid of $3.7 billion CAD, in hopes of blocking the LSE Group's takeover of TMX. The group is composed of the leading banks and financial institutions of Canada. Luc Bertrand, spokesman for Maple Group and one of the drivers of the bid, is vice chairman of the National Bank of Canada and also TMX Group's largest individual shareholder. On June 22, 2011, the LSE Group and TMX agreed to pay a special dividend to shareholders. The special dividend is meant to sway voters away from Maple Group's rival bid.BusinessWeek
"LSE, TMX Sweeten Merger With C$660 Million Special Dividend"
Sean Pasternak The dividend was valued at $678 million, with TMX shareholders receiving $4 per share and LSE shareholders receiving $1.36 per share. Including the special dividend, the LSE agreement would be valued at $48.90 per share versus the $48 per share of Maple. The exchanges also pledged to maintain the dividend at least as high as the current TMX annual payout, which is C$1.60 a share. On June 29, LSEG and TMX terminated the merger plans after it appeared that the merger would not be approved by the needed two-thirds majority of TMX shareholders. On July 11, 2012, Maple Group's deal was approved by all federal and provincial regulatory authorities, including the

Ontario Securities Commission The Ontario Securities Commission (OSC; French language, French: ''Commission des valeurs mobilières de l’Ontario'') is a regulation, regulatory agency which administers and enforces security (finance), securities legislation in the Canadian p ...

and the Autorité des marchés financiers. On July 31, 2012, Maple Group announced that it won control of the TMX Group, as 91% of shares were tendered for its takeover offer. The formal vote for the deal will take place in September. On January 21, 2013, TMX Group announced that combined, Toronto Stock Exchange and TSX Venture Exchange were first in the world among global exchanges by number of new listings for the fourth consecutive year, according to data from the World Federation of Exchanges (WFE) as of December 31, 2012. On February 13, 2013, TMX Group announced it had entered into an agreement with Equity Financial Holdings Inc. (Equity) to acquire its transfer agent and corporate trust services business. On July 25, 2013, the S&P Dow Jones Indices and TMX Group announced the launch of the S&P/TSX High Income Energy Index. The new index was licensed by S&P Dow Jones Indices to Guggenheim Investments for an Exchange Traded Fund listed on the New York Stock Exchange. On February 12, 2014, TSX Venture Exchange announced the 2014 TSX Venture 50, an annual ranking of strong performing companies from five sectors: Clean Technology, Diversified Industries, Mining, Oil & Gas, and Technology & Life Sciences. On March 25, 2014, TMX Group announced plans to launch a business to facilitate capital raising and the trading of securities in the exempt market. TSX Private Markets enables TMX Group to serve companies throughout their evolution from start-up, to private issuer, to public issuer. On October 31, 2014, TMX completed its acquisition of the microwave network business of Strike Technologies Services LLC. On June 2, 2015, TMX Group announced a realignment of the organization. The changes follow the completion of an in-depth strategic review of the organization, which began in January 2015. On June 16, 2015, TMX Group announced a new initiative. AgriClear, an online platform designed to provide U.S. and Canadian cattle buyers and sellers with an efficient, cost-effective transaction and payment service. On November 12, 2018, TMX Group launche
TMX Matrix
a platform designed to showcase regulated growth companies listed on TSX Venture Exchange. On June 30, 2020, TMX Group integrated TMX Matrix wit
TMX Money
its flagship site that provides free real-time stock quotes for retail investors. In November 2022, it was announced TMX Group had acquired the

-based provider of global market-moving action and corporate event data, Wall Street Horizon. In December 2023, TMX Group acquired a 78% stake in U.S. data analytics company VettaFi Holdings for $848 million.

Management

In September 2004, Stymiest announced the resignation of Barbara Stymiest as CEO of the TSX Group so that she could join the RBC Financial Group to serve as its COO. In December 2004, the TSX Group announced the appointment of Richard Nesbitt as the new CEO of TSX Group. Nesbitt had previously served as

president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university *President (government title) President may also refer to: Arts and entertainment Film and television *'' Præsident ...

and

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of HSBC Securities Canada. Nesbitt stepped down in January 2008, and was replaced by Thomas Kloet on July 14, 2008. On January 18, 2013, TMX Group Limited announced the appointment of Jean Desgagne as president and chief executive of the Canadian Depository for Securities Limited (CDS), Canada's national securities depository, clearing and settlement hub for equity, fixed income and money markets. He replaced Ian Gilhooley, who retired on December 31, 2012. On May 30, 2013, TMX Group announced the appointment of Deana Djurdjevic to senior vice president, Equities Trading. On March 17, 2014, TMX Group announced that chief executive Thomas Kloet would retire from the company effective August 31, 2014. The company later announced on August 12, 2014, that Kloet would remain in the role of CEO until October 31, 2014. On September 29, 2014, TMX Group announced that it had selected Lou Eccleston to lead the organization as its CEO effective November 3, 2014. On March 2, 2015, TMX Group announced the promotion of Cheryl Graden to senior vice president, Group Head of Legal and Business Affairs and Corporate Secretary. She was also appointed an officer of TMX Group Limited and its subsidiaries. On July 16, 2015, TMX Group announced that it had named Nicholas Thadaney, president & CEO, Global Equity Capital Markets effective September 1, 2015. Mr. Thadaney, who reports to TMX Group's Chief Executive Officer, is responsible for all of TMX Group's equity listing and trading activity.

References

External links

* {{DEFAULTSORT:Tmx Group Financial services companies established in 2008 Companies listed on the Toronto Stock Exchange Financial services companies of Canada Companies based in Toronto Toronto Stock Exchange

History

Management

See also

References

External links