Announcement – FTSE TMX
We are pleased to announce that FTSE Russell has completed the purchase from TMX Group Limited (“TMX”) and MTS S.p.A (“MTS”) of their respective minority shareholdings in FTSE TMX Global Debt Capital Markets Limited (“FTSE TMX”). As a result, FTSE Russell will acquire 100% ownership of FTSE TMX.
The acquisition represents an important milestone in FTSE Russell’s ongoing commitment and investment in our Canadian benchmarks, data, and analytics offering and strengthens our ability to provide FTSE TMX clients with enhanced local market products. This investment will also enable us to further develop our fixed income, multi-asset, and analytics capabilities in Canada and globally, building on our acquisition last year of The Yield Book and Citi Fixed Income Indexes and of the data provider, Mergent Inc.
Information for Clients
There will be no disruption to the delivery, distribution or support of the FTSE TMX products and services as a result of the acquisition. FTSE Russell recognize the strong history of the FTSE TMX benchmarks, with their genesis dating back to 1984. We remain committed to the Canadian market, and to the robust governance of the FTSE TMX indexes and services in line with international regulatory standards and local market conventions, all supported by a highly experienced local team.
We are excited about the new opportunities that this transaction will bring. We will continue to work in partnership with clients to provide an enhanced product suite – including a comprehensive local and global index offering, along with the development of broad and deep fixed income analytics, data, and multi-asset capabilities.