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TMX Group Announces Strategic Investment in VettaFi
TMX Group Announces Strategic Investment in VettaFi Canada NewsWire Deal incl...
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[{"type":"text","content":"\n \n \n \n TMX Group Announces Strategic Investment in VettaFi\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Deal includes a commercial agreement that will accelerate TMX Datalinx's expansion, adding new comprehensive sets of index and ETF services\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Jan. 9, 2023\n \n \n /CNW/ - TMX Group Limited (TMX Group) announced today that it has made a strategic investment in VettaFi Holdings LLC (VettaFi), a US-based, privately owned data, analytics, indexing, digital distribution, and thought leadership company. VettaFi cultivates an industry-leading, data-driven platform, built to empower and educate the modern financial advisor, asset manager and institutional investor. TMX Group has acquired approximately 21% of the  common equity of VettaFi for\n \n US$175 million\n \n , or approximately CAD$234 million. The transaction closed\n \n January 9, 2023\n \n .\n \n \n \"We are excited to announce a significant investment in VettaFi, which includes a commercial agreement that will accelerate TMX's global index strategy and increase the depth and value of data-driven insights we provide to clients around the world,\" said\n \n Jay Rajarathinam\n \n , Chief Operating Officer, TMX Group. \"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.\"\n \n \n VettaFi provides a comprehensive suite of global indices through its index factory, robust ETF services including ETF trends and analytics, a global ETF database, and distribution. In addition to providing interactive online tools and research, VettaFi offers asset managers an array of indexing and digital distribution solutions to innovate and scale their businesses. For more information visit\n \n \n vettafi.com\n \n \n .\n \n \n \"We are thrilled to forge this partnership wit...