Full-Time
Operates capital and commodity markets platforms
CA$125 - CA$145/hr
Toronto, ON, Canada
In Person
Bachelor's
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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.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1852
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Unlimited Paid Time Off
Flexible Work Hours
Hybrid Work Options
Wellness Program
Cboe completes sale of Cboe Australia to TMX Group. Aug 02, 2026, 17:00 ET CHICAGO, Aug. 2, 2026 /PRNewswire/ - Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced it has completed the sale of Cboe Australia (now TMX Australia Exchange) to TMX Group Limited (TMX Group). "Over the past year, Cboe has taken decisive steps to refocus our business, concentrate resources on our core strengths and invest in our most compelling growth opportunities. The sale of Cboe Australia is a part of that strategy, allowing us to further align our organization and capital with our long-term priorities," said Prashant Bhatia, EVP, Head of Enterprise Strategy & Corporate Development at Cboe. "Looking ahead, Cboe remains committed to maintaining a strong presence in Asia Pacific - a strategically important region where demand for Cboe's U.S. equities, derivatives, market data and educational offerings continues to accelerate." Cboe's planned sale of Cboe Canada to TMX Group, announced in April alongside its planned sale of Cboe Australia, is expected to close at a later date, subject to local regulatory approvals and customary closing conditions. About Cboe Global Markets Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity and index derivatives. Since launching the world's first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500(R) index options and the creation of the VIX(R) Index, the world's leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com. | Cboe Media Contacts | / | Cboe Analyst Contact | | Angela Tu | Tim Cave | / | Kenneth Hill, CFA | / | | +1-646-856-8734 | +44 (0) 7593-506-719 | / | +1-312-786-7559 | / | | [email protected] | [email protected] | / | [email protected] | / | CBOE-C CBOE-OE Cboe(R), Cboe Global Markets(R), and VIX(R) are registered trademarks or service marks of Cboe Exchange, Inc and S&P 500(R) is a registered trademark of Standard & Poor's Financial Services LLC. All other trademarks and service marks are the property of their respective owners. Cautionary Statements Regarding Forward-Looking Information This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price and new products and services competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our business and operational dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions, wind downs, divestitures, or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, liquidity, market, investment, counterparty, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2025 and other filings made from time to time with the SEC. We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. SOURCE Cboe Global Markets, Inc.
Cboe Global Markets has completed the sale of Cboe Australia to TMX Group Limited, with the exchange now operating as TMX Australia Exchange. The divestiture is part of Cboe's strategy to streamline operations and focus on core areas. Prashant Bhatia, Executive Vice President and Head of Enterprise Strategy and Corporate Development at Cboe, said the sale enables the company to better align resources with long-term priorities. Cboe maintains its commitment to the Asia Pacific region, where demand for US equities, derivatives, market data, and educational offerings continues growing. The transaction follows Cboe's announcement in April of plans to sell Cboe Canada to TMX Group, pending regulatory approvals and customary closing conditions.
TMX Group Q2 earnings call highlights. August 1, 2026 Key points. * TMX Group delivered strong Q2 results: Revenue rose 16% to C$487.5 million, adjusted diluted EPS increased 19%, and all major business segments posted double-digit growth. * Capital markets and data businesses gained momentum: First-half capital raised climbed 51%, new listings increased 44% to 251, derivatives volumes rose 18% in Q2, and Global Insights revenue grew 18%, helped by acquisitions and higher indexing assets. * TMX is expanding through acquisitions and investments: It plans to invest about US$800 million in the proposed MEMX-BOX combination for an expected 59% stake, while also advancing RAFI Indices and Cboe-related transactions; the board approved an 8% dividend increase to C$0.26 per share. * Five stocks to consider instead of TMX Group. TMX Group TSE: X reported double-digit revenue growth across its businesses in the second quarter and first half of 2026, while outlining a series of acquisitions and investments intended to expand its presence in global exchange, data and indexing markets. Chief Executive Officer John McKenzie said the company's first-half results reflected "balanced strength" across transaction-based and recurring-revenue businesses. Total revenue rose 16% in the first six months of 2026, while organic revenue, excluding acquisitions completed in 2025, increased 14%. Adjusted diluted earnings per share increased 27% for the period. Second-Quarter revenue and earnings growth. For the second quarter, TMX reported revenue of C$487.5 million, up 16% from a year earlier. Chief Financial Officer David Arnold said the company delivered its eighth consecutive quarter of double-digit growth in both total and organic revenue. Adjusted diluted earnings per share rose 19%, supported by a C$35 million, or 18%, increase in income from operations. Reported diluted earnings per share increased 96%, which Arnold said also reflected a non-cash foreign-exchange accounting gain on U.S.-dollar intercompany loans, compared with a loss in the prior-year period. * Global Insights segment revenue increased 18% in the quarter. * Derivatives Trading and Clearing revenue rose 15%. * Equities and Fixed Income Trading and Clearing revenue increased 13%. * Capital Formation revenue grew, led by higher listing activity and corporate services revenue. Operating expenses increased 13% in the second quarter. The increase included C$15.6 million in acquisition-related expenses tied to ETF Stream, Verity and nuclear-sector index acquisitions, along with integration expenses and acquired-intangible amortization. Excluding acquisition-related items, litigation-related costs and prior-year strategic realignment expenses, comparable operating expenses increased about 10%, largely due to compensation, headcount, technology investments and certain non-cash items. Listings, Trading and Global Insights performance. McKenzie said Capital Formation revenue increased 20% in the first half, driven by listing fees and TSX Trust. Capital raised increased 51% in the first six months, led by corporate financings in the mining sector. TSX Venture equity capital raised totaled C$6.9 billion, up 108% from a year earlier. The company added 251 new listings during the first half, a 44% increase from the comparable period. McKenzie highlighted several initial public offerings, including Apotex's C$1.5 billion June IPO, which he described as the largest life-science IPO in Canadian history, and Lumina Metals' C$406 million IPO. Discover more MarketBeat All Access Stock Market Holidays Business News Revenue from Equities and Fixed Income Trading increased 25% in the first half, as combined volumes rose 32%. In the second quarter, equities and fixed-income trading revenue rose 16%, while clearing revenue increased 9%. Equities market volumes increased 15%, including gains of 17% on the TSX and 25% on TSX Venture. Alpha volumes declined 25%. TMX's combined market share for TSX- and TSX Venture-listed securities was approximately 59% in the quarter, down 3% from the prior-year period. Arnold said a lower proportion of higher-yielding auction trading relative to continuous trading affected revenue capture. Derivatives Trading and Clearing revenue increased 23% in the second quarter, as derivatives trading volumes rose 18%. Montréal Exchange average daily volume reached 1.1 million contracts in the first half, while total open interest set a record of 35.6 million contracts on June 18. Within Global Insights, TMX VettaFi revenue rose 40% in Canadian dollars, including C$4.1 million from recent acquisitions. Excluding those acquired businesses, revenue increased 29%, supported by growth in assets under indexing. Assets under indexing finished the quarter just below $90 billion. TMX Datalinx revenue increased 22%, including a C$8.2 million contribution from Verity. TMX Trayport revenue growth was affected by lower non-recurring consulting revenue compared with the prior-year quarter, though recurring revenue expanded 8% and its annual recurring revenue reached C$293.5 million. MEMX Group investment and other expansion plans. TMX also announced a strategic investment in the proposed combination of U.S. exchanges MEMX and BOX, which would create MEMX Group. TMX plans to contribute approximately US$800 million in cash and its existing BOX ownership stake. Following the transaction's closing, expected in the second half of 2027 subject to regulatory approvals, TMX expects to own approximately 59% of the combined entity. The overall transaction values MEMX Group at approximately US$2.3 billion. Arnold said MEMX and BOX generated combined 2025 revenue of approximately C$280 million and adjusted EBITDA of approximately C$134 million. Their combined revenue has grown at an average annual rate of about 27% over the last three years, though the company said that performance also benefited from higher market volatility. TMX expects the investment to be accretive to adjusted earnings per share within the first 12 months after closing, before synergies. Arnold said management sees the more significant synergy opportunities as revenue-related, although expense synergies are also expected. McKenzie said the combined business would represent approximately 10% of the U.S. options market, in addition to a growing U.S. equities-market presence. He said the transaction would combine complementary offerings, technology and client relationships from BOX and MEMX. The company intends to finance the MEMX investment with debt. TMX said its leverage ratio could reach as high as 3.4 times on a conservative pro forma basis that assumes several pending transactions close simultaneously. Management expects actual leverage to be lower because closings are likely to be staggered and said it expects to return to its 1.5x to 2.5x long-term leverage target within two years of closing. TMX also expects its acquisition of RAFI Indices to close by the end of the third quarter and said the acquisition would more than triple VettaFi's assets under indexing. Its purchase of Cboe Australia was described as nearing closing, while the Cboe Canada transaction remains subject to a separate Canadian regulatory review process. Separately, the board approved an 8% increase in TMX's quarterly dividend to C$0.26 per common share, payable Aug. 28 to shareholders of record on Aug. 14. About TMX Group (TSE:X). TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. 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TMX strengthens US equities options presence with MEMX. July 31, 2026 12:05 pm TMX Group, parent company of the Toronto Stock Exchange, is making a strategic investment in MEMX and folding its US equity options market BOX into the exchange. The combined company, [...] This content is for registered users only. (C) Markets Media Europe 2025
Strategic combination features funding of approximately US$800 million in cash (plus contribution of BOX stake) from majority owner TMX Group, supported by key MEMX and BOX participants rolling equity into...