SIAA welcomes yesterday’s announcement of the sale of Cboe Australia to TMX Group Limited (TMX Group), a leading market operator.
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX News.
‘’SIAA is a supporter of competition in trading as well as listings in the Australian market,” said the CEO for Stockbrokers and Investment Advisers Association (SIAA), Maria Lykouras.
‘’This announcement of the sale of Cboe Australia to a longstanding and well-established market operator like TMX, provides the market with much needed certainty that this competition will continue. This presents an exciting opportunity for the Australian market.’’
SIAA’s members are market participants of Cboe Australia, that accounts for more than 20 per cent of equity market trading in Australia.
‘’We are pleased to note that until the transactions close, Cboe Australia has committed to continuing to work closely with customers, regulators and other key stakeholders to support a smooth and orderly transition,’’ Mrs Lykouras concluded.
Contact:
Maria Lykouras, CEO
0467 773 218
Statement from Emma Quinn, President Cboe Australia
“This transaction marks an exciting next chapter for our business. By bringing together leading listing and equities exchange capabilities, including across global mining and energy transition financing ecosystems, TMX Group’s acquisition of Cboe Australia creates a compelling platform for us to continue to drive innovation and support a growing global client base.
Our priority remains the long‑term interests of Australian investors and the integrity of Australia’s markets. We thank ASIC for their constructive engagement throughout the process to date and acknowledge their commitment to completing their review in a way that supports the continuity of orderly and transparent market operations.”