TMX to acquire the remaining ~78% of the common units of VettaFi for US $848m. Deal accelerates long-term growth strategy as well as financial and transformational objectives Increases proportion of revenue from recurring and global sources Adds innovative new client service team and capabilities to GSIA, TMX's fastest-growing segment TMX has announced an agreement to…
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Valued at 15.4 times its projected 2024 adjusted EBITDA, VettaFi boasts over 80% recurring revenue. TMX Group expects the acquisition to positively impact its adjusted earnings per share within the first year. The deal, financed through $1 billion in bank debt, is anticipated to be finalised in January 2024. John McKenzie, the CEO of TMX…
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TMX will acquire the company for $165 million in total consideration, which includes $30 million of cash for regulatory and non-regulatory purposes, subject to customary closing conditions and working capital adjustments. AST Investor Services Inc. (Canada) and AST Trust Company (Canada)'s portfolio of products and services include transfer agency services, equity plan solutions, corporate trust,…
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McKenzie was named Chief Financial Officer (CFO) of TMX back in 2016, with responsibility for the Company's Corporate Strategy, Corporate Development and Investor Relations functions, as well as Finance. In 2018, he also took on oversight of TMX's Trust and Capital Formation businesses, which includes Toronto Stock Exchange and TSX Venture Exchange. Mr. McKenzie stated:…
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Loui Anastasopoulos, President, Capital Formation, TMX Group said: The profound impacts of the COVID-19 crisis are being felt across all industries and companies, including emerging and established listed companies in Canada and around the world. Public companies play a vital role in the success and long-term viability of Canada's economy and constitute a crucial segment…
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The Canadian financial service provider, TMX Group Limited, announced yesterday the results of the fourth quarter and the full year 2019. The total revenue volume for the fourth quarter of 2019 was reported at $202.8 million, a 4% decrease compared to the fourth quarter the previous year. The earnings per share also marked a decrease…
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TMX Group has announced earlier this week its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for May 2019. TSX welcomed 14 new issuers in May 2019, compared with three in the previous month and 23 YoY. The new listings were 10 exchange traded funds, two life sciences companies, one mining…
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Payments Canada, the Bank of Canada, TMX Group (TSX:X), Accenture (NYSE: ACN) and R3 have published a report demonstrating the feasibility of clearing and settlement of securities using distributed ledger technology (DLT). The findings are a result of the third phase of Project Jasper, a collaborative research initiative between Payments Canada, the Bank of Canada and…
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TMX Group has announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for June 2018. TSX welcomed nine new issuers in June 2018, compared with 23 in the previous month and 15 in June 2017. The new listings included three exchange traded funds, two closed end funds, two mining companies, one life…
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Well it does look like Bitcoin continues to go more 'mainstream', with some of the world's leading trading venues finally taking note of the large crypto trading volumes driving results at some of the leading online brokers. TMX Group, a Canadian financial services company that operates market exchanges including the Toronto Stock Exchange, and Paycase…
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