Tmx Group Stock Price, News & Analysis

TMX Group released its financing activity report for November 2024. Toronto Stock Exchange (TSX) welcomed 14 new issuers, including 11 ETFs, one clean technology company, one mining company, and one consumer products & services company. Total financings on TSX decreased 37% month-over-month and 48% year-over-year, with 33 total financings raising $805.1M.

TSX Venture Exchange (TSXV) added three new issuers: a Capital Pool Company, a life sciences company, and a mining company. TSXV financings decreased 7% from October but increased 83% compared to November 2023, with 106 financings raising $459.6M. The market cap of TSX listed issues reached $5.07T, while TSXV listed issues totaled $86.8B.

TMX Group reported its November 2024 trading statistics across all its marketplaces. Total trading volume across all TMX Equities Marketplaces reached 12.02 billion shares, with a value of $280.34 billion. The S&P/TSX Composite Index closed at 25,648.00.

Year-to-date statistics showed positive growth with volume up 6.6% to 120.6 billion shares and value increasing 15.0% to $2.80 trillion compared to 2023. The Montreal Exchange saw derivatives volume reach 19.58 million contracts in November, with open interest at 23.77 million contracts, representing a 41.2% year-to-date increase.

TMX Group has announced its holiday operating schedule for the end of 2024 and beginning of 2025. Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), TSX Alpha Exchange and Montréal Exchange (MX) will be closed on December 25, 26, 2024, and January 1, 2025, for Christmas Day, Boxing Day and New Year's Day respectively. On December 24, 2024, the exchanges will operate with reduced hours, closing at 1:00 p.m. EST, with MX interest rate derivatives trading until 1:30 p.m. EST. On December 31, MX equity, currency, index and ETF derivatives will maintain regular hours, while interest rate derivatives will close at 1:30 p.m. EST.

TMX Group (TSX: X) has issued an update regarding the impact of the Canadian Union of Postal Workers' strike on their ability to deliver Q3 2024 financial reports to shareholders. The company confirms that the interim financial statements and related management's discussion for the three and nine months ended September 30, 2024, are available on www.sedarplus.ca and TMX Group's Investor Relations website. Shareholders can request free copies via phone or email, and physical copies will be mailed within ten days after postal service resumes to those who requested them.

TMX Group reported its October 2024 financing activity for TSX and TSXV exchanges. TSX welcomed 11 new issuers (10 ETFs, 1 consumer products company), with total financings up 111% from September and 83% from October 2023. Total financings reached $1.28 billion through 37 transactions. TSX Venture Exchange added 4 new issuers across life sciences, technology, clean technology, and oil & gas sectors. TSXV financings increased 27% month-over-month to $492.3 million through 110 transactions. Year-to-date, TSX market cap grew 28% to $4.82 trillion, while TSXV market cap rose 28.9% to $84.68 billion.

TMX Group reported its October 2024 trading statistics across all its marketplaces. Total trading volume reached 11.8 billion shares, up from 9.4 billion in October 2023, with a total value of $275.5 billion. The S&P/TSX Composite Index closed at 24,156.87. Year-to-date statistics show a 5.6% increase in volume and 13.4% increase in value compared to 2023. The Montreal Exchange saw derivatives volume of 18.2 million contracts, with open interest at 22.1 million contracts, marking a 34.8% year-to-date increase.

TMX Group has announced a dividend payment of $0.19 per common share. The dividend will be paid on November 29, 2024, to shareholders recorded as of November 15, 2024. The company has designated this dividend as an 'eligible dividend' for Canadian income tax purposes.

TMX Group reported Q3 2024 results with revenue of $353.8 million, up 23% from Q3 2023. The company saw organic revenue growth of 12%, excluding acquisitions. Key performance drivers included a 27% increase in TMX Trayport's total licensees, 19% growth in derivatives trading volumes, and 11% increase in equity trading volumes. Diluted EPS decreased 3% to $0.30, while adjusted diluted EPS rose 17% to $0.41. The quarter featured strategic acquisitions of Newsfile and iNDEX Research, expanding TMX's service offerings in news dissemination, regulatory filing, and index management.

TMX Group's equity exchanges, Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), have signed a non-binding Memorandum of Understanding (MoU) with B3 (Brazil Stock Exchange). The agreement aims to create more public market opportunities for investors and entrepreneurs in Brazilian markets.

The collaboration will explore a Brazil-based solution leveraging Canadian expertise in mining, energy, and renewable energy industries. The project intends to facilitate the dual listing of mineral research companies based in Brazil, allowing them to access both Brazilian and Canadian public markets.

This partnership is expected to promote dialogue among market participants, regulators, government officials, and investors to attract liquidity to Brazilian mining companies. It also reinforces B3's commitment to the sector by offering investment alternatives in sustainable projects.

To mark this milestone, TSX and B3 representatives will open the market from São Paulo, Brazil, on October 22, 2024.