Jay Rajarathinam - TMX Interview

January 12, 2023 00:05:51
Jay Rajarathinam - TMX Interview
John Lothian News Interviews
Jay Rajarathinam - TMX Interview

Jan 12 2023 | 00:05:51

/

Show Notes

TMX Group recently invested in VettaFi, what it described as "a US-based, privately owned data, analytics, indexing, digital distribution, and thought leadership company" and TMX Chief Operating Officer Jay Rajarathinam spoke with JLN about the investment and other happenings going on at the exchange group. 

Rajarathinam said TMX was seeking to expand into more information businesses and cited the acquisition of Wall Street Horizon as an example. Wall Street Horizon is a provider of global market-moving action and global corporate event data. 

He said there is more client demand for ETF services and TMX desires to create new exciting products for clients in partnership with VettaFI, not only in Canada, but also globally.

Rajarathinam said the VettaFi investment leverages the data sets and sales capabilities of VettaFi and uses its deep industry expertise in industry calculation.

TMX wants to expand its distribution capability and provide more information services to a global client base, he said. TMX invested $175 million US in VettaFi for a 21 percent interest. The exchange group gets two seats on the VettaFi board and will wait and see whether it makes sense to acquire the firm outright, Rajarathinam said.

This is not the only index company TMX deals with, Rajarathinam said, noting the exchange group's deal with S&P. However, this deal gives TMX the ability to develop specific products, including thematic indexes, custom indexes and, perhaps, a global mining index. 

This deal is deeply integrated into the TMX Datalinx business, and there is a heavy focus on growth and becoming more global and more of an information company, he said.



Other Episodes

Episode 3

February 14, 2020 00:04:34
Episode Cover

Pat Hickey, the Options Clearing Corporations's newly appointed senior VP of product development

John Lothian News spoke to Pat Hickey, the Options Clearing Corporations's newly appointed senior VP of product development, at the Mid-Winter meeting of the...

Listen

Episode

June 30, 2023 00:38:24
Episode Cover

WH Trading Spawned a Social Justice Phenomena in My Hood, My Block, My City

At a recent meeting of the social justice committee at my church, St. Peter's UCC in Elmhurst, IL, I was asked to look into...

Listen

Episode 0

April 23, 2020 00:05:25
Episode Cover

Striker from Quantitative Brokers Brings First Options on Futures Execution Algorithm

Christian Hauff, CEO of Quantitative Brokers, sat for an interview with John Lothian News about the first futures execution algorithm for options. The new...

Listen