Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity derivatives, today announced that it has reached a definitive agreement to sell its Canadian and Australian equities exchanges, Cboe Canada and Cboe Australia, to TMX Group Limited (TMX Group), a leading market operator. The aggregate sale price is $300 million USD.
Cboe announced plans in October 2025 to sell its Australian and Canadian equities businesses as part of a strategic realignment to sharpen its strategic focus on core strengths and emerging opportunities aligned with its long-term strategy – positioning the company to lead in a dynamic and evolving global markets landscape.
“We are pleased to reach an agreement to sell these businesses to TMX Group, a longstanding and well-established market operator,” said Craig Donohue, Chief Executive Officer of Cboe Global Markets. “The transaction will bring Cboe Australia and Cboe Canada under new ownership well suited to support their next chapter, while enabling Cboe to reallocate resources and capital towards optimizing our core businesses for further growth and profitability, and pursuing opportunities in new and emerging areas.”
“This transaction marks an important milestone in our strategic realignment, allowing us to sharpen our focus on the growth opportunities that will position Cboe for long-term success,” said Prashant Bhatia, EVP, Head of Enterprise Strategy & Corporate Development at Cboe Global Markets. “As our industry undergoes rapid transformation – driven by expanding retail participation and rising demand for innovative products, the emergence of event and prediction markets, the accelerating adoption of digital assets and tokenization, and the evolution toward 24x7, on‑chain markets with atomic settlement – we see significant opportunity to build on our strengths and accelerate growth by focusing on areas where we can lead and differentiate.”
The transaction is subject to customary closing conditions, including applicable regulatory approvals. The acquisitions of Cboe Australia and Cboe Canada are expected to close separately, each after required approvals have been obtained.
Until the transactions close, Cboe will continue to operate both exchanges as usual. Cboe will work closely with customers, regulators, and other key stakeholders in both jurisdictions to support a smooth and orderly transition. Additionally, Cboe will provide transition services support for a limited time post closing.
Cboe will provide an update regarding the potential financial implications of the transaction during its first quarter earnings call taking place on Friday, May 1, 2026.
Barclays Capital Inc. is acting as financial advisor to Cboe. Sidley Austin LLP; Blake, Cassels & Graydon LLP; and Mallesons are serving as Cboe’s outside legal counsel.
