New Delhi, April 22 -- TMX Group on Wednesday reached an agreement to acquire the Australian and Canadian operations of Cboe Global Markets for $300 million. This strategic move significantly broadens the reach of the Toronto Stock Exchange operator within the global mining sector.

"(This deal) allows us to build into a new market on the other side of the world that happens to be the second strongest mining resource market in the world. So it is such a strong, natural fit for us," TMX CEO John McKenzie said in an interview, referring to Australia's position in the global mining industry.

The acquisition, which encompasses the Cboe Australia and Cboe Canada exchanges, is designed to accelerate TMX's expansion into high-growth segments in...