Tmx Group Stock Price, News & Analysis

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.

TMX Group released its December 2024 financing activity report for Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV). TSX welcomed seven new issuers (five ETFs and two mining companies), compared to 14 in November and three in December 2023. Total TSX financings raised in December 2024 reached $1.19 billion, up 49% month-over-month but down 56% year-over-year.

TSXV added two new mining companies in December 2024. TSXV total financings increased to $487.9 million, up 6% from November and 42% from December 2023. The number of TSXV financings rose to 120 from 106 in November.

Year-to-date 2024, TSX saw a 9.6% increase in new listings and a 147% jump in IPO financings, while total financings decreased 6%. TSXV recorded a 17.2% decline in new issuers but an 8.1% increase in total financings raised compared to 2023.

TMX Group (TSX: X) has announced it will release its Q4 2024 financial results on Monday, February 3, 2025, after market hours. The company will host an analyst conference call to discuss the results on Tuesday, February 4, 2025, at 8:00 a.m. ET.

The conference call will feature key executives including John McKenzie (CEO), David Arnold (CFO), and Amin Mousavian (VP of Investor Relations & Treasury). Participants can join the live call using the phone numbers 437-900-0527 or 1-888-510-2154. An audio replay will be available at 289-819-1450 or 1-888-660-6345, access code 53456#. The call will also be accessible via webcast and archived in TMX's shareholder events section.

TMX Group has released its December 2024 trading statistics across all its marketplaces. The total trading volume across all TMX Equities Marketplaces reached 11.89 billion shares, with a value of $293.37 billion and 20.7 million transactions. Year-to-date statistics show significant growth, with a 7.3% increase in volume and a 15.8% increase in value compared to 2023.

The Toronto Stock Exchange saw a volume of 7.71 billion shares traded, valued at $274.45 billion, with the S&P/TSX Composite Index closing at 24,727.94. The TSX Venture Exchange recorded 3.05 billion shares traded, valued at $1.31 billion. The Montreal Exchange reported derivatives volume of 16.75 million contracts with open interest of 23.61 million contracts, showing a year-to-date increase of 14.1% in volume and 51.3% in open interest.