TMX Group

TMX Group

Operates capital and commodity markets platforms

Overview

TMX Group operates financial markets and related technology-driven services to support capital formation and trading. It runs multiple exchanges (TSX, TSX Venture, Montréal, TSX Alpha) and post-trade/data businesses like CDS, TMX Datalinx, TMX Insights, and Trayport. Its products include listing, trading, clearing, settlement, market data platforms, and trading software, along with real-time and historical market information. Its goal is to Make Markets Better and Empower Bold Ideas by helping companies raise capital, access liquidity, and prosper in diverse markets.

Significant Headcount Growth

About TMX Group

Simplify's Rating
Why TMX Group is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1852

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Simplify's Take

What believers are saying

  • The deal strengthens recurring licensing revenue and global revenue mix.
  • TMX expects accretion to adjusted EPS within twelve months of closing.
  • Cross-selling RAFI methodologies through VettaFi can deepen ETF issuer adoption.

What critics are saying

  • Debt financing lifts leverage to about 2.7x adjusted EBITDA after closing.
  • Regulatory approval or closing delays block the end-Q3 2026 timeline.
  • Fundamental-indexing demand can weaken, hurting RAFI licensing growth and valuation.

What makes TMX Group unique

  • RAFI adds fundamental indexing expertise to TMX VettaFi's distribution platform.
  • TMX VettaFi assets under indexing rise from US$81 billion to US$263 billion.
  • RAFI brings US$49 million revenue and US$38 million adjusted EBITDA.

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Funding

Total Funding

$806.7M

Above

Industry Average

Funded Over

1 Rounds

Private Placement VC funding comparison data is currently unavailable. We're working to provide this information soon!
Private Placement VC Funding Comparison
Coming Soon

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Hybrid Work Options

Wellness Program

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

7%

1 year growth

7%

2 year growth

7%
TMX Group
Oct 4th, 2025
TMX Group Acquires Verity

Addition of US-based provider of investment research management solutions and data intelligence brings important new investor-focused capabilities to TMX Datalinx, advances global growth strategy Toronto, Ontario-(Newsfile Corp. - October 1, 2025) - TMX Group today announced it has acquired Verity, a leading buy-side investment research management system, data, and analytics provider. The acquisition enhances TMX Datalinx's client offering, strengthening its position in delivering global investment-grade data, insights, and investment workflow tools across equities, fixed income, and private assets. "The addition of Verity strengthens our ability to serve a growing global client base, including the world's top investment firms, by helping them to optimize and act on their most valuable asset - their intellectual capital - while enriching workflows with best practices and continuous innovation," said Michelle Tran, President of TMX Datalinx. "Verity brings dynamic new financial data

NationTalk
Sep 25th, 2025
TMX Group Launches Inaugural Reconciliation Action Plan

September 25, 2025 (TORONTO) - TMX Group today announced the release of its first Reconciliation Action Plan, detailing the company's long-term commitments to further Indigenous reconciliation in Canada.

Mayfair Media Operations
Aug 18th, 2025
TMX Group launching trading volume aggregator service

TMX Group is launching the TSX Consolidated Volume (TCV) in September 2025.

Yahoo Finance
Jul 29th, 2025
TMX Group CFO David Arnold to Present at the Canaccord Genuity 45th Annual Growth Conference

TMX Group CFO David Arnold to present at the Canaccord Genuity 45th Annual Growth Conference.

TMX Group
Jun 17th, 2025
TMX VettaFi Acquires ETF Stream

June 17, 2025 (TORONTO) - TMX VettaFi, an indexing, digital distribution, analytics and thought leadership company and TMX Group subsidiary, announced today the acquisition of ETF Stream Limited (ETF Stream), a leading media brand for ETFs in Europe.

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