TMX Group has acquired Cboe Australia for an undisclosed amount. Cboe Australia, currently a subsidiary of Cboe Global Markets, operates as the country’s only alternative exchange for ASX-listed equity securities and is the exclusive trading venue for Cboe Australia quoted warrants and ETFs. From 2025, Cboe Australia is also approved by ASIC to operate as a corporate listing market. Formerly known as Chi-X Australia, the entity serves as a principal competitor to the incumbent exchange, driving market competition and innovation within the Australian financial landscape.
With an average daily continuous cash market share exceeding 20%, Cboe Australia is trusted by leading global market participants, including brokers, ETF issuers, and market makers. The exchange is recognized for its role in improving execution quality and creating opportunities for investors to engage with its markets. Its solutions aim to empower individuals to build sustainable financial futures, supported by a strong workplace culture and dedicated team.
This acquisition by TMX Group represents a strategic move to expand its global footprint and strengthen its market infrastructure capabilities. The integration is expected to leverage Cboe Australia's established market presence, innovative trading solutions, and regulatory approvals to enhance offerings for market participants. The combination aims to build upon Cboe Australia's success in fostering competition and delivering value within the Australian market.
The combined entity is poised to continue driving innovation and competition in the Australian financial markets. It will focus on providing robust financial infrastructure, expanding opportunities for investors, and delivering enhanced services to its diverse client base, contributing to the evolution of the global economy.