TMX Group Limited (TSX:X) announced that it has agreed to acquire Boston-based Wall Street Horizon, Inc. (WSH), a provider of global market-moving action and global corporate event data.
Jay Rajarathinam, Chief Operating Officer, TMX Group, said:
“TMX Group is committed to serving the evolving needs of our clients across the marketplace and connecting investors to the information they need to gain a competitive investment edge and manage market risk. The acquisition of Wall Street Horizon, an established provider of high-quality and unique market-leading solutions, is another important step forward for TMX Datalinx as we work to expand and enhance the content we provide to clients around the world.”
WSH provides traders, portfolio managers, academics and others an expanding set of forward-looking and historical corporate event datasets, “including earnings dates, dividend dates, options expiration dates, splits, spinoffs and a wide variety of investor-related conferences.”
Covering 9,000 publicly traded companies worldwide, the company “offers more than 40 event types.”
Wall Street Horizon, Inc. CEO Barry L. Star stated:
“The Wall Street Horizon team is thrilled to join TMX Datalinx. WSH has been the gold standard in delivering corporate events data to the institutional community and we look forward to combining our expertise with TMX Group’s global reach to scale our data services to market participants worldwide.”
Completion of this transaction is “expected to close in Q4 and is subject to customary closing conditions.” D.A. Davidson acted “as exclusive financial and strategic advisor to WSH.”
As noted in the update, TMX Group “operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors.”
TMX Group’s key operations “include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, and Trayport which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.”
TMX Group is “headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna.”