TMX Group Limited announced that it has made a strategic investment in VettaFi Holdings LLC (VettaFi), a US private sector data, analytics, indexing, digital distribution and thought leadership company. VettaFi fosters a cutting-edge, data-driven platform designed to empower and educate the modern financial advisor, asset manager and institutional investor. TMX Corporation purchased approximately 21% of VettaFi’s common shares for US$175 million, or approximately C$234 million. The transaction closes on January 9, 2023.

“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,”

“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.”

Jay Rajarathinam, Chief Operating Officer, TMX Group.

VettaFi offers a comprehensive global index suite through its index factory and powerful ETF services including ETF analysis, trends global and distributed ETF databases. In addition to providing interactive online search and tools, VettaFi also provides asset managers with a range of digital distribution and indexing solutions to innovate and scale their business there.

“We are thrilled to forge this partnership with TMX, combining VettaFi’s data-driven indexing, analytics, and digital platform, and TMX’s global scale and TMX Datalinx business,”

“Together we’ll seek out new innovative opportunities for investors of all sizes around the world to thrive, by creating new products and digital communities and transforming traditional distribution.”

Leland Clemons, CEO of VettaFi.

John McKenzie, CEO, of TMX Group and Mr. Rajarathinam will join VettaFi’s Board of Directors, effective immediately.

Evercore acts as the exclusive financial advisor to TMX Group and WilmerHale LLP acts as the legal advisor to TMX Group.