TMX Group acquires Cboe Australia and Cboe Canada
22 April 2026 Australia and Canada
Image: EVGENIA/stock.adobe.com
TMX Group has acquired Middlebury Holdings Pty. Limited (Cboe Australia) and Cboe Canada Holdings, ULC (Cboe Canada) from Cboe Global Markets for US$300 million.
According to the firm, this transaction will bolster TMX鈥檚 ability to serve clients across the capital markets ecosystem, expand the company鈥檚 global presence, and accelerate the company鈥檚 growth strategy, while reducing cost and complexity for Canadian market participants.
John McKenzie, CEO of TMX Group, states: 鈥淲e 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.
鈥淲e look forward to working with our industry partners to ensure a smooth transition, and to exploring innovative ways to serve the needs of issuers and investors across the Australian market, while continuing to seek out opportunities to accelerate our enterprise growth strategy.鈥�
Both Cboe Australia and Cboe Canada offer equities trading venues, listing venues, and market data solutions.
Cboe Australia is a securities exchange offering companies tailored support for public market listings, including ETFs, as well as structured products and warrants.
The company also provides a trading venue for brokers and investors with access to local and global investment opportunities. It was also recently granted a license for corporate listings.
Cboe Canada includes MATCHNow, NEO-L, NEO-N, and NEO-D, as well as ETF, CDR, and corporate listings.
Craig Donohue, CEO of Cboe Global Markets, comments: 鈥淭hese businesses are well positioned for their next chapter, and we will work closely with TMX, our local regulators, and our clients to ensure a seamless transition.鈥�
TMX鈥檚 acquisition of Cboe Australia will bring together the world鈥檚 leading mining and energy transition financing ecosystems, the firm says, unlocking potential to innovate for a growing global client base.
In addition, the acquisition of Cboe Canada aims to enhance the quality of client experience across domestic equities marketplaces by increasing efficiency of access to capital and liquidity for Canadian issuers, and will reduce direct and indirect costs for participants while improving execution quality and resiliency.
TMX says the transaction is expected to be accretive to adjusted earnings per share within the first 12 months of closing, excluding synergies, with revenue growth expected to be in-line with the firm鈥檚 long-term financial objectives.
The purchase of each business is subject to regulatory approvals and customary closing conditions in Australia and Canada.
According to the firm, this transaction will bolster TMX鈥檚 ability to serve clients across the capital markets ecosystem, expand the company鈥檚 global presence, and accelerate the company鈥檚 growth strategy, while reducing cost and complexity for Canadian market participants.
John McKenzie, CEO of TMX Group, states: 鈥淲e 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.
鈥淲e look forward to working with our industry partners to ensure a smooth transition, and to exploring innovative ways to serve the needs of issuers and investors across the Australian market, while continuing to seek out opportunities to accelerate our enterprise growth strategy.鈥�
Both Cboe Australia and Cboe Canada offer equities trading venues, listing venues, and market data solutions.
Cboe Australia is a securities exchange offering companies tailored support for public market listings, including ETFs, as well as structured products and warrants.
The company also provides a trading venue for brokers and investors with access to local and global investment opportunities. It was also recently granted a license for corporate listings.
Cboe Canada includes MATCHNow, NEO-L, NEO-N, and NEO-D, as well as ETF, CDR, and corporate listings.
Craig Donohue, CEO of Cboe Global Markets, comments: 鈥淭hese businesses are well positioned for their next chapter, and we will work closely with TMX, our local regulators, and our clients to ensure a seamless transition.鈥�
TMX鈥檚 acquisition of Cboe Australia will bring together the world鈥檚 leading mining and energy transition financing ecosystems, the firm says, unlocking potential to innovate for a growing global client base.
In addition, the acquisition of Cboe Canada aims to enhance the quality of client experience across domestic equities marketplaces by increasing efficiency of access to capital and liquidity for Canadian issuers, and will reduce direct and indirect costs for participants while improving execution quality and resiliency.
TMX says the transaction is expected to be accretive to adjusted earnings per share within the first 12 months of closing, excluding synergies, with revenue growth expected to be in-line with the firm鈥檚 long-term financial objectives.
The purchase of each business is subject to regulatory approvals and customary closing conditions in Australia and Canada.
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