What TMX Group (X) Said on Its Q3 Earnings Call

Impact · against what's priced in

TMX Group exhibits strong growth momentum, particularly in capital formation and derivatives, with record quarterly revenue of C$491.1 million. While operating expenses are rising due to acquisition costs, the significant surge in mining-sector capital raising creates a positive forward-looking pipeline for listing fees.

X+0.60

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In context

Record revenue growth of 17% and a 96% increase in capital raised on TSX/TSX Venture exchanges demonstrate strong organic momentum, while the 39% volume growth in Canadian rate agreement contracts highlights a successful capture of interest rate volatility.

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• earnings▲10%
• m and a
• X
• canada
• capital formation
• derivatives
• digital infrastructure
• exchange operators
• market data