TMX Group Agrees $300m Acquisition of Cboe Australia and Cboe Canada | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
TMX Group has agreed a deal to acquire Cboe Australia and Cboe Canada from Cboe Global Markets for a total consideration of US$300 million.
The deal is expected to strengthen the Canadian exchange operator’s domestic market position and extend its international reach into the Australian market.
The two businesses, which together generated revenue of approximately $87 million and adjusted EBITDA of approximately $25 million in 2025, offer equities trading venues, listing venues, and market data solutions.
Cboe Canada encompasses MATCHNow, NEO-L, NEO-N, and NEO-D, along with ETF, Canadian Depositary Receipt, and corporate listings.
Cboe Australia provides securities exchange services, including ETF listings, structured products, warrants, and a recently granted corporate listings licence.
TMX said the acquisition of Cboe Canada would increase efficiency of access to capital and liquidity for Canadian issuers, whilst reducing costs for market participants and improving execution quality.
The acquisition of Cboe Australia was described as bringing together the world’s leading mining and energy transition financing ecosystems, creating potential to serve a growing global client base in those sectors.
The transaction is expected to be accretive to adjusted earnings per share within the first 12 months of closing, excluding synergies. The two components are expected to close separately, each subject to regulatory approvals in its respective jurisdiction.
“We are tremendously excited to announce the acquisition of Cboe Australia and Cboe Canada, a deal that represents a unique opportunity to strengthen our domestic marketplace for clients and the entire stakeholder ecosystem, while expanding the reach and impact of our presence in a region of the world we know well,” said John McKenzie, Chief Executive Officer, TMX Group.
