Aug 3, 2026 – 8.00pmCanada’s TMX Group, which has acquired a rival exchange to the ASX, said its bold Australian ambitions could see it grab more than 30 per cent of equities trading volumes as it accused the incumbent of dragging the chain on settlement times and technology upgrades.TMX completed its purchase of Cboe Australia on Monday, as it looks to bolster its local presence as a trading venue as well as ramp up listings across companies, exchange-traded funds and venture businesses. The business will be rebranded to TMX Australia Exchange as part of the ownership change, which was signed off by the regulator last month.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Canada’s TMX throws down the gauntlet to ASX on trading, tech
After buying Cboe Australia, TMX’s Luc Fortin has big plans for Australia and says the exchange could capture greater listings and more than a 30 per cent share.
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