Traders Magazine: TMX Accelerates Data Expansion with Investment in VettaFi
Read the full article on Traders Magazine.
TMX Group has invested in US data, analytics and indexing provider VettaFi Holdings to boost growth of TMX Datalinx, the Canadian exchange operator’s data and analytics division.
On January 9 TMX Group announced it had acquired 21% of the common equity of VettaFi for $175m, approximately C$234m.
Jay Rajarathinam, chief operating officer of TMX Group, said in a statement: “VettaFi is a dynamic and growing index, ETF data and related digital distribution business, and we look forward to working together to explore ways to combine TMX Datalinx’s data sets and capabilities with VettaFi’s comprehensive services and expertise to further enhance our offerings.”