TMX Group, Canada's largest exchange operator, plans to purchase 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.
TMX Group Inc. is an integrated, multi-asset class exchange group. Shares of X traded higher by 0.22% or $0.1/share to $44.75. In the past year, the shares have traded as low as $34.53 and as high as $45.69. On average, 152455 shares of X.TO exchange hands on a given day and today's volume is recorded at 74274.
