TMX Group Limited has acquired a minority interest in SigmaLogic Inc. The investment comes after ETFLogic and TMX Datalinx collaborated to launch TMX LOGICLY last year.
SingmaLogic provides analytics and portfolio tools to investment fund manufacturers and the wealth management industry.
Both Firs Will Continue Their Operation Of TMX LOGICLY
Chief Operating Officer of TMX Group, Jay Rajarathinam, stated that the TMX team is excited about the investment in ETFLogic. However, the collaboration with TMX LOGICLY will continue to offer ETF investors and advisors efficient access and greater transparency to vital insights and tools. Rajarathinam stated that the company wants a strategic partnership with innovative and early-stage companies.
ETFLogic was founded in 2017 to integrate multi-asset research for stocks, mutual funds, and ETFs. It also deals in a web-based portfolio, optimization, trading analytics as well as AI-powered portfolio analysis.
Wealth advisers can use the tools to research and compare products for their clients and analyze returns, income, ESG factors, as well as a fund’s risk and exposure. The aim is to use these components to satisfy the requirements of clients and consumers.
Co-founder and Chief Executive Officer of ETFLogic, Emil Tarazi, also commented on the development. He stated that the deal is an exciting one for the company as TMX has a strong track record of innovation in the investment industry.
ETFLogic To Strengthen Its International Distribution
ETFLogic will use the opportunity to capitalize on the unique portfolio tools and strengthen its international distribution.
This will empower users to have better automation and data to enable them to perform better with their clients. As a result, the users will be equipped with more portfolio outcomes, which is exactly what LOGICLY was designed for.
TMX Group is a global company that operates across several markets. The firm has built analytics and digital communications solutions that enable the growth, funding, and successes of investors, traders, and businesses. The company also operates in several markets, including at TSX Alpha Exchange, TSX Ventures Exchange, and Toronto Stock Exchange. Headquartered in Toronto, TMX Group has offices in New York, Singapore, and London. The group has significant interests in various entities in the world.