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Jane Street-Backed Exchange Sells Control to Canada’s TMX Group

Bloomberg Markets Friday 31 July 2026, 15:14 UTC By Stephanie Hughes 1 min read
Key Points

Jane Street-Backed Exchange Sells Control to Canada’s TMX Group MEMX LLC, an exchange operator backed by Jane Street and Morgan Stanley, will combine with equity options market BOX in a deal that gives control of the merged entity to Canada’s leading stock exchange group. The new MEMX Group is valued at $2.3 billion, TMX Group Ltd. announced Thursday. The Toronto-based company is investing $800 million in cash, plus its existing BOX stake, into the combination, and will hold a 59% interest.

Jane Street-Backed Exchange Sells Control to Canada’s TMX Group MEMX LLC, an exchange operator backed by Jane Street and Morgan Stanley, will combine with equity options market BOX in a deal that gives control of the merged entity to Canada’s leading stock exchange group. The new MEMX Group is valued at $2.3 billion, TMX Group Ltd. announced Thursday. The Toronto-based company is investing $800 million in cash, plus its existing BOX stake, into the combination, and will hold a 59% interest.
Jane Street-Backed Exchange Sells Control (PERSON) Canada (LOCATION) TMX Group (ORG) TMX Group MEMX LLC (ORG) Jane Street (PERSON) Morgan Stanley (ORG) MEMX Group (ORG) TMX Group Ltd. (ORG) Toronto (LOCATION)
Originally published by Bloomberg Markets Read original →

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