Canadian giant swoops on Cboe Australia

InvestorDaily

Toronto-based TMX Group has agreed to acquire Cboe Australia, bringing to an end the search for a buyer that began in October. TMX, which operates the Toronto Stock Exchange (TSX), has agreed to acquire both Cboe Canada and Cboe Australia for a combined US$300 million ($418 million). It follows Cboe’s October 2025 announcement that it would sell its Australian and Canadian equities businesses as part of a portfolio realignment to focus on core strengths and growth areas, alongside cutting listing-related costs in the US and Europe. 

At the time, the Australian Securities and Investments Commission (ASIC) had very recently approved Cboe Australia’s application to operate as a listings market, allowing it to list new companies and introduce long-awaited competition to the ASX-dominated space. Commenting on the sale, Cboe CEO Craig Donohue said the company was pleased to reach an agreement to sell the businesses to a long-standing and well-established market operator. “The transaction will bring Cboe Australia and Cboe Canada under new ownership well suited to support their next chapter, while enabling Cboe to reallocate resources and capital towards optimising our core businesses for further growth and profitability, and pursuing opportunities in new and emerging areas,” Donohue said.

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