Baker McKenzie Acts for TMX Group in its Acquisition of Cboe Australia

Baker McKenzie is representing TMX Group Limited (TMX) on its proposed acquisition of Cboe Australia.

TMX is a publicly traded company with an enterprise value of approximately USD 11 billion that operates global markets, including the Toronto Stock Exchange. TMX is headquartered in Toronto, with offices across North America, as well as in key international markets, including London, Singapore, and Vienna.

Cboe Australia, formerly known as Chi-X, launched in October 2011 and is currently owned by Cboe Global Markets, Inc. Cboe Australia is the second largest exchange in Australia and the principal competitor to the ASX and a rapidly growing ETF platform. The Cboe Australia investment product platform offers trading across a range of asset classes and unique products, including warrants and funds, which are exclusively quoted and traded on Cboe Australia.

The acquisition is happening concurrently with TMX’s acquisition of Cboe Canada, Canada’s third-largest exchange.