Cboe Sells Canada, Australia Units for $300M

CHICAGO, April 22, 2026 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a leading global market operator and pioneer in equity derivatives, today announced that it has entered into a definitive agreement to sell its Canadian and Australian equity exchanges, Cboe Canada and Cboe Australia, to TMX Group Limited (TMX Group), a leading market operator. The total sale price is $300 million.

Cboe announced plans in October 2025 to sell its Australian and Canadian equity businesses as part of a strategic realignment to sharpen its strategic focus on core strengths and new opportunities consistent with its long-term strategy and position the company to lead in a dynamic and evolving global market landscape.

“We are pleased to have reached an agreement to sell these businesses to TMX Group, a long-standing and well-established market operator,” said Craig Donohue, Chief Executive Officer of Cboe Global Markets. “The transaction provides Cboe Australia and Cboe Canada with new owners well-suited to support their next chapter, while enabling Cboe to reallocate resources and capital to optimize our core businesses for further growth and profitability and to pursue opportunities in new and emerging areas.”

“This transaction marks an important milestone in our strategic realignment and allows us to sharpen our focus on the growth opportunities that will position Cboe for long-term success,” said Prashant Bhatia, EVP, Head of Enterprise Strategy & Corporate Development at Cboe Global Markets. “As our industry undergoes rapid change – driven by increasing retail participation and demand for innovative products, emergence of event and prediction markets, accelerated adoption of digital assets, etc Tokenizationand the move towards 24×7 on-chain, nuclear-settled markets – we see significant opportunities to build on our strengths and accelerate growth by focusing on areas where we can lead and differentiate.”

The transaction is subject to customary closing conditions, including applicable regulatory approvals. The acquisitions of Cboe Australia and Cboe Canada are expected to close separately, each subject to receipt of required approvals.

Cboe will continue to operate both exchanges as usual until the transactions are completed. Cboe will work closely with customers, regulators and other key stakeholders in both jurisdictions to support a smooth and orderly transition. Additionally, Cboe will support transition services for a limited period of time post-closing.

Cboe will provide an update on the potential financial impact of the transaction during its first quarter earnings conference call to be held on Friday, May 1, 2026.

Barclays Capital Inc. is acting as financial advisor to Cboe. Sidley Austin LLP; Blake, Cassels & Graydon LLP; and Mallesons are acting as outside counsel to Cboe.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE) is a leading global market operator with a long history of innovation in equity derivatives. Since founding the world’s first publicly traded options exchange in 1973, Cboe has developed groundbreaking products, including the launch of S&P 500® index options and the creation of the VIX® index, the world’s leading measure of market volatility, and has reshaped the way investors manage risk and capture opportunities. Today, Cboe operates derivatives, equity and foreign exchange markets and provides trading, clearing and investment solutions to clients worldwide. To learn more, visit www.cboe.com.

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Cboe®, Cboe Global Markets® and VIX ® are registered trademarks or service marks of Cboe Exchange, Inc and S&P 500® is a registered trademark of Standard & Poor’s Financial Services LLC. All other trademarks and service marks are the property of their respective owners.

Cautionary Notes Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “could,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” as well as the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and expected trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties arise from time to time, and it is not possible to predict all risks and uncertainties, nor can we estimate the impact of all factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements.

Factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price and new product and service competition and consolidation in our industry; declines in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; changes in laws or regulations or changes in tax systems; our ability to protect our systems and communications networks from security vulnerabilities and breaches; our ability to attract and retain qualified management and other personnel; increasing competition from foreign and domestic companies; our business and operational dependence on and exposure to third parties; factors affecting the quality and integrity of our and other applicable indices; our ability to effectively manage our global operations, growth and strategic acquisitions, liquidations, divestitures or alliances; increases in the cost of the products and services we use; our ability to operate our business without infringing the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks associated with the operation of our clearinghouses, including our credit, liquidity, market, investment, counterparty and default risks; our ability to accommodate trading and clearing volumes and transaction traffic, including significant increases, without failure or degradation in the performance of our systems; misconduct by those who use our markets or our products or for whom we transact; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes of key customers; damage to our reputation; the ability of our compliance and risk management practices to effectively monitor and manage our risks; limitations imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; as well as litigation risks and other liabilities. For more detailed information about factors that could cause our actual results to differ, please see our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other filings with the SEC from time to time.

We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, and we expressly disclaim any obligation to do so, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the current date.

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SOURCE Cboe Global Markets, Inc.