Finance
Cboe to Sell Canada, Australia Exchanges to Tmx
Published by Global Banking & Finance Review®
Posted on April 22, 2026
2 min readLast updated: April 22, 2026
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Cboe Global Markets will divest its Cboe Canada and Cboe Australia equities exchanges to TMX Group for $300 million, enabling Cboe to reallocate capital toward its strategic growth areas such as derivatives, digital assets, and prediction markets.
Cboe to Sell Its Canada and Australia Equity Exchanges to TMX for $300 Million
Details of the Cboe-TMX Equity Exchange Deal
Overview of the Transaction
April 22 (Reuters) - Cboe Global Markets said on Wednesday it will sell its Canadian and Australian equities exchanges to the TMX Group for $300 million, as the exchange operator sharpens its focus on higher-growth areas such as derivatives, digital assets and prediction markets.
Included Exchanges and Strategic Realignment
The deal includes Cboe Canada and Cboe Australia and marks a key step in the company's strategic realignment announced in October last year, when it said it would explore a sale of the two businesses as part of a broader portfolio review.
Executive Commentary on the Deal
Cboe Chief Executive Craig Donohue said the deal would allow the company to reallocate resources and capital toward strengthening its core businesses for further growth and profitability, while pursuing opportunities in new and emerging areas.
Recent Strategic Moves by Cboe
Exit from Japanese Equities Business
In July last year, Cboe also decided to wind down its Japanese equities business, citing evolving business conditions that challenged the financial sustainability of maintaining its equities operations in the country.
Deal Completion and Advisory Details
Regulatory Approvals and Closing Conditions
The transaction is subject to customary closing conditions, including regulatory approvals, and the acquisitions of Cboe Australia and Cboe Canada are expected to close separately after the required approvals are obtained.
Financial and Legal Advisors
Barclays is acting as financial adviser to Cboe, while Sidley Austin, Blake, Cassels & Graydon and Mallesons are serving as legal counsel.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Nivedita Bhattacharjee)
Key Takeaways
- •Cboe sold its Canadian and Australian equities businesses to TMX Group for $300 million to concentrate on higher‑growth segments like derivatives, digital assets and prediction markets (au.investing.com)
- •This divestiture aligns with the strategic realignment Cboe initiated in October 2025, which included exploring asset sales and winding down its Japanese equities business ()
References
Frequently Asked Questions about Cboe to sell Canada, Australia exchanges to TMX
1What did Cboe Global Markets sell to TMX Group?
Cboe sold its Canadian and Australian equities exchanges to TMX Group for $300 million.
2Why is Cboe selling its Canada and Australia exchanges?
Cboe is selling these exchanges to focus on higher-growth areas such as derivatives, digital assets, and prediction markets.
