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TMX Group reports 3 percent fall in first-quarter profit

May 9 (Reuters) - TMX Group Ltd, owner of the Toronto Stock Exchange, reported a 3 percent drop in quarterly profit on Thursday, hurt by slower capital formation business.

The company said net profit fell to C$61.2 million ($45.43 million), or C$1.09 per share, in the first quarter, from C$63.1 million, or C$1.13 per share, a year earlier. The company also said, Trayport Ltd - a wholly owned subsidiary - would acquire Vienna-based VisoTech, a European short-term energy trading solutions provider. ($1 = 1.3472 Canadian dollars) (Reporting by Shradha Singh in Bengaluru)