TMX VettaFi Announces Acquisition of Credit Suisse Bond Indices from UBS
TMX VettaFi, an indexing, digital distribution, analytics and thought leadership company and TMX Group subsidiary, announced the acquisition of Credit Suisse‘s Bond Indices from UBS, enhancing its fixed income index capabilities.
Tom Hendrickson, President, TMX VettaFi said:
“We are excited to announce another significant step forward in our index expansion strategy, designed to strengthen our fixed income indexing capabilities, and broaden the services we provide to a growing international network of clients and partners. We see tremendous opportunity for indexing across the fixed income asset class – especially with the growth of bond ETFs – and we look forward to partnering with even more asset managers to unlock new bond ETF innovation.”
The bond index franchise includes key bond indices “covering government, credit, and emerging markets bonds, as well as advanced tools and analytics that support the custom development of innovative fixed income exposures.”
This marks the fourth significant acquisition by TMX VettaFi in the last 18 months, following “the acquisitions of iNDEX Research in October 2024, an end-to-end index provider with US$10B in linked assets across equity and fixed income exposures; the ROBO Global Index Suite in April 2023; and EQM Indexes in September 2023.”
With the addition of the Credit Suisse bond indices, TMX VettaFi boasts an indexing platform “spanning more than 700 indexes with $53 billion in assets passively tracking those indexes and $41 billion in benchmarked assets.”
Its team of veterans use cloud-based technology for “index research, design, calculation, dissemination and management for customers.”
As noted in the update, TMX Group operates global markets, and “builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors.”
TMX Group’s operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport and TMX VettaFi, which “provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the financial community.”
TMX Group is headquartered in Toronto and operates offices “across North America (Montréal, Calgary, Vancouver and New York), as well as in international markets including London, Singapore and Vienna. “