TMX Group to Buy Cboe's Canada, Australia Exchanges for $300M

TMX Group agreed to acquire Cboe Global Markets' Canada and Australia exchange businesses for US$300 million in two separate, regulatory-dependent closings. The assets, including Cboe Australia's equities/ETP services and Cboe Canada's MATCHNow/NEO venues, generated ~$87 million revenue and ~$25 million adjusted EBITDA in 2025, with the deal expected to boost TMX's adjusted EPS within 12 months excluding synergies. This follows Cboe's April 22, 2026 announcement of the sale to refocus on derivatives and digital assets. Impacts are structural, potentially affecting listings, liquidity and fees long-term with limited immediate market effects.