(X) TMX Limited - Ratings and Ratios

TMX Group Limited is a pivotal player in the global financial infrastructure, operating a network of exchanges, markets, and clearinghouses across Canada, the United States, the United Kingdom, Germany, and other international locales. As a key facilitator of capital markets, TMX is structured into four distinct segments, each tailored to specific financial functions.

The Global Solutions, Insights & Analytics segment is the data powerhouse of TMX, offering a comprehensive suite of equities and index data. This segment doesnt just stop at data provision; it integrates datasets for both proprietary and third-party analytics, empowering clients to make informed trading and investment decisions. Additionally, it extends its expertise to European and global wholesale energy markets, providing essential solutions for price discovery, trade execution, and post-trade transparency.

Under the Capital Formation umbrella, TMX operates the Toronto Stock Exchange (TSX), a cornerstone for senior equities, and the TSX Venture Exchange, a nurturing ground for emerging ventures. Complementing these exchanges is TSX Trust, which offers a range of services including corporate trust and registrar functions, crucial for both public and private entities.

The Derivatives Trading & Clearing segment diversifies TMXs offerings, featuring the Montreal Exchange, a major derivatives hub, and the Canadian Derivatives Clearing Corporation, ensuring robust clearing of options and futures. This segment also encompasses BOX, a U.S. equity options market, and a variety of over-the-counter products and fixed income repurchase agreements, highlighting TMXs comprehensive approach to derivatives.

The Equities and Fixed Income Trading & Clearing segment manages the trading operations of the Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha Exchange. It also operates CDS Clearing, an automated facility for securities settlement and custody, alongside fixed income inter-dealer brokerage services, rounding out TMXs equity and fixed income capabilities.

Originally known as Maple Group Acquisition Corporation, TMX Group Limited adopted its current moniker in August 2012, reflecting its evolution in the financial landscape. Headquartered in Toronto, Canada, TMX has established itself as a trusted name, with a market capitalization of 13,830.33M CAD, a P/E ratio of 28.77, and a forward P/E of 25.58, offering investors