TMX embarks on data diversification and expansion play with WSH buy
The Canadian exchange is the latest to acquire a data vendor business, bringing non-exchange content to help it grow its data assets.
Exchanges have been snapping up data providers in a bid to expand their businesses beyond traditional transactional and market data-based revenues. There’s the Intercontinental Exchange’s purchase of Interactive Data; Nasdaq buying Quandl; the London Stock Exchange Group acquiring Refinitiv; and Cboe assembling a cadre of analytics by piecing together the likes of Livevol, Trade Alert, Hanweck and FT Options.
Now, it’s TMX’s turn.
The Canadian exchange group’s acquisition of Boston-based
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