Tmx Group Stock Price, News & Analysis

TMX VettaFi has announced the acquisition of Credit Suisse's Bond Indices from UBS, marking its fourth major acquisition in 18 months. This strategic move strengthens the company's fixed income indexing capabilities and expands its services to international clients.

The acquired bond index franchise covers government, credit, and emerging markets bonds, along with advanced tools and analytics for custom fixed income exposures. TMX VettaFi's platform now encompasses over 700 indexes with $53 billion in passively tracked assets and $41 billion in benchmarked assets.

This acquisition follows previous purchases of iNDEX Research (US$10B in linked assets) in October 2024, ROBO Global Index Suite in April 2023, and EQM Indexes in September 2023. The company highlights that while fixed income represents about 20% of the ETF market, the global bond market ($140 trillion) exceeds the global equity market ($115 trillion), presenting significant growth opportunities.

TSX Venture Exchange announced its 2025 TSX Venture 50™ ranking, highlighting top-performing growth-stage companies. The 50 selected companies achieved a combined market capitalization of $21.7 billion by December 31, 2024, representing a 289% increase year-over-year. These companies delivered an average share price appreciation of 207%, surpassing previous years' growth of 121% in 2023 and 73% in 2022.

Kraken Robotics Inc. (TSXV: PNG) topped the list with a 437% market cap increase. The mining sector dominated with 31 companies, collectively reaching $8.1 billion in market capitalization. Innovation sectors showed strong performance, with clean technology and technology companies averaging 400% and 345% share price growth respectively. SPARQ Systems Inc. (TSXV: SPRQ) recorded the highest increases in share price (944%) and market capitalization (1,379%).

The Toronto Stock Exchange (TSX), TSX Venture Exchange, TSX Alpha Exchange, and Montréal Exchange have announced they will be closed on Monday, February 17, 2025 in observance of Family Day. Regular trading operations will resume on Tuesday, February 18, 2025.

TMX Group reported its January 2025 financing activity for Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV). TSX welcomed 24 new issuers in January 2025, including 20 ETFs, 2 exchange traded products, and 2 mining companies, compared to 7 in December and 9 in January 2024.

TSX total financings raised in January 2025 were $814.9 million, showing a 32% decrease from December but a 274% increase year-over-year. The exchange recorded 43 financings, up from 26 in December. Market capitalization of listed issues reached $5.06 trillion.

TSXV reported no new issuers in January 2025. Total financings raised were $533.8 million, up 9% month-over-month and 52% year-over-year. The number of financings decreased to 107 from 120 in December. TSXV market capitalization stood at $91.7 billion, showing a 31% increase from January 2024.

TMX Group has released its January 2025 trading statistics, showing significant growth across its marketplaces. The total trading volume across all TMX Equities Marketplaces reached 11.7 billion shares, with a value of $286.6 billion. Year-over-year comparisons show notable increases, with volume up 15.0% and value up 28.9%.

The Toronto Stock Exchange saw a 13.4% increase in volume and 27.5% increase in value compared to January 2024. The S&P/TSX Composite Index closed at 25,533.10. The TSX Venture Exchange experienced strong growth with a 17.9% increase in volume and 36.9% increase in value. The Montreal Exchange showed remarkable performance in derivatives trading, with a 35.8% increase in volume and 67.7% increase in open interest contracts compared to the previous year.

TMX Group has announced a 5% increase in its quarterly dividend, raising it by $0.01 to $0.20 per common share. The dividend will be paid on March 7, 2025 to shareholders of record as of February 21, 2025.

This marks TMX Group's fourth dividend increase in two years, demonstrating the company's commitment to shareholder value and the strength of its business model. The company's CFO, David Arnold, emphasized their focus on executing a global strategy for enterprise growth while maintaining disciplined capital allocation and progressing toward deleveraging targets.

The dividend has been designated as an "eligible dividend" for Canadian income tax purposes.

TMX Group reported strong Q4 2024 financial results with revenue reaching $393.3 million, up 30% from Q4 2023. The company achieved significant growth with diluted earnings per share of $0.58, an 87% increase, including a $0.16 gain related to foreign exchange. Adjusted diluted earnings per share grew 30% to $0.48.

Organic revenue excluding acquisitions increased by 17%, driven by TMX Trayport's 25% increase in total licensees, 20% growth in MX trading volumes, 5% increase in BOX volumes, and 19% increase in equity trading volumes. The Board approved a 5% dividend increase to $0.20 per share, marking their fourth dividend increase in two years.

The company successfully launched TSX Alpha U.S. Inc. (AlphaX US) on January 22, 2025, expanding their U.S. presence with a new equity alternative trading system.

TMX Group (TSX: X) has announced two upcoming conference presentations by CEO John McKenzie. The first presentation will take place at the 2025 Bank of America Financial Services Conference on Monday, February 10, 2025, from 8:50 a.m. to 9:30 a.m. ET. The second presentation is scheduled for the UBS Financial Services Conference on Tuesday, February 11, 2025, from 2:40 p.m. to 3:20 p.m. ET.

Both presentations will be accessible via webcast and will be archived in TMX's shareholder events section for future reference.

TMX Group has announced the launch of AlphaX US, a new US Alternative Trading System (ATS) venue, marking its first international expansion for TMX Markets division. The platform is designed to enhance execution quality and will trade exclusively US-listed securities under Reg NMS regulations.

The new venue will serve FINRA-registered broker dealers and offers trading in all Regulation NMS common stock, exchange-traded funds, and American depository receipts. AlphaX US operates during regular U.S. market hours, with order entry available 60 minutes before market open.

Led by Heidi Fischer as President of TSX Alpha US, the platform focuses on execution performance and provides customization options, analytics, and easy implementation for the broker dealer community.