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FTSE Group and Canada TMX confirm combined fixed index deal
In a press release on Canada TMX's website (release) the Canadian group confirmed that it would be working with FTSE Group in a deal that will see TMX receive £72.2m. They will combine their fixed income index businesses in a new joint venture.
FTSE TMX Debt Capital Markets will be the third largest fixed income exchange traded fund (ETF) index provider globally. Together these indices are used as benchmarks for more than C$1 trillion in fixed income assets.