Files with CMX extension are Corel Exchange image file format (also known as Corel Metafile Exchange) that is used as presentation by CorelSuite applications. It contains image data as vector graphics as well as metadata that describes the image. CMX files can be opened by CorelDraw, Corel Presentations, Paint Shop Pro and some versions of Adobe Illustrator. CMX files can be converted to other formats such as JPG and EPS.
Files with ICO extension are image file types used as icon for representation of an application on Microsoft Windows. These come in different size, colour support and resolution to suit the requirements of the display. Another similar image file format on Microsoft Windows is .CUR for cursor representation and defines a hotspot in the image header. On MacOS, ICNS file formats serve the same purpose as ICO files. Several online websites as well as applications provide the feature of creating such files and convert other image formats such as BMP, PNG, etc. to icon file format. The official IANA registered Internet media type for ICO files is image/vnd.microsoft.icon.
You can also convert CMX into many other file formats. Please see the complete list below.