20:49:32 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



TMX Group Ltd
Symbol X
Shares Issued 278,656,820
Close 2023-07-28 C$ 29.98
Market Cap C$ 8,354,131,464
Recent Sedar Documents

Globe says TMX enjoys record Q2 revenues

2023-07-31 06:46 ET - In the News

The Globe and Mail reports in its Saturday edition that TMX Group posted record second-quarter revenue late Thursday despite a decline in its core equity trading operations as the company aims to expand further into global commodities trading. The Globe's Ana Pereira writes that chief executive officer John McKenzie highlighted the company's focus in its tech and data businesses in an analyst call Friday. TMX also plans to expand further in trading renewables, carbon credits and refined oil. The company has also begun research into critical minerals. TMX Group is also planning to move Trayport, a British-based wholesale trading platform for energy markets it acquired for $1-billion in 2017, into the U.S. market. "There is still growing demand for oil and gas globally. And there's definitely growing demand for more critical minerals. And so, in a world of energy transition, you'd like to be able to provide solutions for both traditional energy and also new energy and actually the minerals that are going to support transition," Mr. McKenzie said. On Thursday, TMX reported second-quarter revenue of $306-million, up 7 per cent from a year earlier, despite a 4-per-cent drop in revenue from equities and fixed-income trading.

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