Tag: TMX Group

Deal was initially announced in April 2026 alongside the sale of Cboe Canada; Cboe confirmed that the acquisition of its Canadian exchange is set to close at a later date. 

The move will also integrate US equities options market BOX into MEMX; the combined company will operate three options exchanges, one equities exchange and a technology business.  

The Canadian clearinghouse’s move replaces certain legacy systems and is set to match the evolving market needs for post-trade.  

Named AlphaX US, the venue will trade US-listed securities only (Reg NMS) and follow the US equity market holiday calendar.

Subject to closing conditions, the transaction is expected to close in January 2024.

Platform consists of two order books, Alpha-X and Alpha DRK, and is designed to create an “optimised trading environment to enhance execution quality”.

Offering will provide clients with: climate action plans, impact quantifying, company and controversy screening, news and event coverage, corporate peer analysis. 

Asset managers and hedge funds in Asia are reporting the strongest demand, marking their growing global influence, according to a joint study.

John McKenzie will assume the role of chief executive officer at TMX Group after serving 20 years at the company.