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Table of Contents

TMX Group: History, Holdings, and Services

By
James Chen
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James Chen, CMT is an expert trader, investment adviser, and global market strategist.

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Updated July 25, 2023
Reviewed by
Marguerita Cheng
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Reviewed by Marguerita Cheng
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Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor (CRPC), Retirement Income Certified Professional (RICP), and a Chartered Socially Responsible Investing Counselor (CSRIC). She has been working in the financial planning industry for over 20 years and spends her days helping her clients gain clarity, confidence, and control over their financial lives.
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Vikki Velasquez
Vikkie Velasquez
Fact checked by Vikki Velasquez
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Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area.
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What Is the TMX Group?

TMX Group is headquartered in Toronto, ON, Canada. The company is an integrated, multi-asset class exchange group whose subsidiaries operate cash and derivative markets and clearinghouses for equities, fixed income, and energy. TMX Group provides services and data products to the international financial community. TMX Group trades on the Toronto Stock Exchange as TSE: X.

Key Takeaways

  • TMX Group is headquartered in Toronto, ON, Canada.
  • TMX Group operates the Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, TSX Alpha Exchange, and Shorcan.
  • TMX Group trades on the Toronto Stock Exchange as TSE: X.

History of TMX Group

TMX Group originated from the Toronto Stock Exchange (TSX), founded in 1861 that initially listed 18 stocks. By the end of the 1990s, TSX was the national exchange for senior equities. Its counterpart in Quebec, the Montreal Exchange (MX), handled trading in derivatives. Other exchanges in Vancouver, Calgary, and Winnipeg merged to form the Canadian Venture Exchange (CDNX), which traded junior equities.

TSX was registered as a for-profit enterprise in 1999, making it eligible to be a publicly traded stock. In the early 2000s, TSX assumed ownership of the Canadian Venture Exchange (CDNX) and renamed it the TSX Venture Exchange. TSX officially changed its name to the TMX Group in June 2008.

TMX acquired Trayport, a London-based energy-trading platform, from the Intercontinental Exchange (ICE) in 2017. This allowed TMX to access global utility, energy, and derivatives markets and satisfied the British government’s interests in a diversified marketplace for trading software.In 2021, TMX Group acquired AST Investor Services Inc. and its subsidiary AST Trust Company in Canada, a provider of transfer agency, corporate trust, and related services to Canadian public and private companies.


In 2021, the Toronto Stock Exchange listed the world’s first Bitcoin ETF.

TMX Group Definition and History

Investopedia / Sabrina Jiang

TMX Group Holdings and Services

In recent years, TMX has diversified its holdings and offered services outside of the traditional functions of a stock exchange.

  • Toronto Stock Exchange
  • TSX Venture Exchange
  • Montreal Exchange
  • TSX Alpha Exchange
  • Trayport
  • Shorcan
  • TMX Datalinx
  • TMX Insights
  • TSX Trust
  • Canadian Derivatives Clearing Corporation (CDCC)
  • TMX Money

What Is a Stock That Trades Through TMX Group?

Some names listed on the TSX include Royal Bank of Canada (TSX: RY) with a market capitalization of nearly C$172 billion as of June 13, 2023. Toronto-Dominion Bank (TSX: TD) has a market cap of C$145 billion.

What Data Services Does TMX Group Provide?

TMX Datalinx is the information services division of TMX Group that provides real-time, historical, and other data products and services to global customers.

What Is TMX Group's Symbol on the Toronto Stock Exchange?

TMX Group trades on Toronto Stock Exchange under the symbol X.

The Bottom Line

TMX Group is headquartered in Toronto, ON, Canada, and trades on the Toronto Stock Exchange as TSE: X. The company is an exchange group whose subsidiaries operate cash, derivative markets, clearinghouses, and data products to the international financial community.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. TMX. "About Us."

  2. TMX. "Historical Timeline."

  3. Trayport. "TMX Group Announces Agreement with Intercontinental Exchange to Acquire Trayport."

  4. TMX. "TMX Group Companies."

  5. TMX. "Royal Bank of Canada."

  6. TMX. "Toronto-Dominion Bank (The)."

  7. TMX. "TMX Datalinx."

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