TMX Group has announced a strategic combination with MEMX and BOX to create a consolidated U.S. exchange group valued at approximately $2.3 billion. The deal features an equity investment of about $800 million from TMX Group and a combination of key market participants. Jonathan Kellner will lead the new entity, which will enhance capabilities in the U.S. listed options market. The new company aims to operate independently while leveraging the strengths of its constituent parts.
Company Information
Company
TMX Group Limited
Location
100 Adelaide St W
Toronto, Ontario, Canada
About
TMX Group Limited operates in the financial services industry, primarily offering services related to derivatives, equities markets, and global insights. The company focuses on providing transaction-based and subscription-based services. TMX is committed to creating competitive advantages for clients worldwide. Its growth has been driven by increases in derivatives trading and equities markets.
Toronto
New YorkFinancial ServicesFinancial ServicesFinanceFintech