TMX to buy Australian credit risk software company
TMX Group, Canada's largest exchange operator, plans to buy Razor Risk Technologies, an Australian company that provides credit risk software to stock exchanges and other financial bodies, for about C$10.2 million.
TMX, which is the target of a C$3.8 billion proposed takeover by Canada's Maple Group, will pay 3.49 cents apiece for the shares of Sydney-based Razor.
The deal provides the exchange operator a point of entry into the risk management sector, TMX said in a statement. (Reporting by Gowri Jayakumar in Bangalore)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick