Canadian exchange TMX Group has agreed to acquire Cboe’s Canadian and Australian businesses, after they were put up for sale last year.
The US$300 million transaction will reduce costs for Canadian market participants and expand the company’s global presence, TMX said. It is expected to be accretive to adjusted earnings per share within 12 months.
Cboe Canada and Cboe Australia generated approximately US$87 million in revenue across 2025.
Cboe Australia received a licence to offer corporate listings last year. According to the Australian regulator, it holds a 20% share of the Australian equity market and sees AUD $2 billion trades daily.
READ MORE: Cboe challenges ASX for Australian primary market share
Cboe Canada provides ETF, Canadian depository receipt and corporate listings, along with four equity trading venues. It held a 12.7% share of the Canadian equities market as of Q4 2025.
Another Canadian exchange, CNSX Global Markets, parent company of the Canadian Securities Exchange (CSE), acquired the Australian stock exchange last year.
READ MORE: CNSX acquisition challenges ASX’s primary listings crown
The transactions are subject to the approval of local regulators.
Cboe has been reducing its global footprint in recent years, focusing on its core US markets and data, and European cash equities and clearing businesses. The company’s European derivatives exchange was shuttered in early 2026.
READ MORE: Cboe closes European derivatives exchange
Its Japan business was closed in 2025.
READ MORE: Cboe Japan equities business closes amid market share decline
