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February 21, 2022

TMX to pick stake in US fintech ETFLogic

TMX Group is set to acquire an undisclosed minority stake in ETFLogic as part of its agreement to invest in the US-based fintech.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
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by GlobalData
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The value of the investment was also not disclosed.

Founded in 2017, ETFLogic offers analytics and portfolio tools to investment fund manufacturers as well as wealth management companies.

Last year, the firm partnered with TMX’s information services division TMX Datalinx to launch TMX LOGICLY.

LOGICLY integrates multi-asset research, such as mutual funds, ETFs, and stocks, AI-driven portfolio analysis, optimisation, and trading analytics, into a web-based portfolio management trading platform called Portfolio Coach.

It also offers tools that enables daily monitoring and actionable alerts based on each client’s IPS, tax-aware rebalancing, custodian integrations, active trade recommendations, and compliance audit trails.

TMX Group COO Jay Rajarathinam said: “We are excited to announce this investment in ETFLogic, as we continue our collaborative work on TMX LOGICLY to help bring advisors and investors greater transparency and efficient access to valuable insights and tools.”

ETFLogic CEO and co-founder Emil Tarazi said that the investment from TMX will boost the firm’s international distribution and enable it to further capitalise on the analytics and portfolio tools.

Tarazi commented: “Deepening our relationship with TMX, a company with a strong track record of innovation in the investment industry, is an exciting move forward for us.”

Earlier this month, CI Financial purchased a minority stake in Newton Crypto, following its participation in the Canadian crypto asset trading platform’s $20m Series B funding round.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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