Analytics News

TMX Group Announces Strategic Investment in VettaFi

TMX Group Announces Strategic Investment in VettaFi

Deal includes a commercial agreement that will accelerate TMX Datalinx’s expansion, adding new comprehensive sets of index and ETF services

TMX Group Limited announced 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 US$175 million, or approximately CAD$234 million. The transaction closed 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,” said Jay Rajarathinam, 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.”

Latest Fintech News: Enefit Green Signed Agreements With SEB and Nordic Investment Bank to Raise Debt Financing

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.

Latest Fintech News: 2022 Brings Fresh Perspective and Focus for InterLinc Mortgage

“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,” said Leland Clemons, CEO of VettaFi. “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.”

John McKenzie, Chief Executive Officer, TMX Group and Mr. Rajarathinam will join the VettaFi Board of Directors, effective immediately.

Evercore served as exclusive financial advisor to TMX Group, and WilmerHale LLP acted as legal counsel to TMX Group.

Latest Fintech News: RelPro Partners with Rivel, Enabling Banks & Credit Unions to Increase SMB Growth and Business Development Efficiency

[To share your insights with us, please write to]

Related posts

Drip Capital Closes $40 Million Committed Warehouse Credit Facility From East West Bancorp To Facilitate Trade Finance To Small Businesses

Fintech News Desk

RS2 Reveals New Brand Identity for its Own Merchant Business

Business Wire

KuCoin Announces a Monumental $20 Million Gratitude Airdrop for Its Loyal Community

PR Newswire