The largest operator of the Canadian stock market will launch cryptocurrency futures – Bits Media

TMX Group listened to the desires of institutional investors to balance the trading risks of the new class of assets.

The Canadian Group of Companies TMX intends to launch cryptocurrencies on the exchange in Montreal. The group is the largest operator of the Canadian stock market. Š tmx, As of 1 january, There is 17 funds traded on the stock exchange (ETF), associated with digital assets.

TMX Executive Director John Mackenzie says, that more and more dealers and institutional investors add crypto assets to portfolios for their customers or ETF. But cryptocurrencies have high volatility, Therefore, now the specialists of the group are understanding, how best to manage risks. While TMX plans to launch futures only for its largest customers.

In the latest financial report, TMX Group reported a adjusted profit in the amount 1.77 Canadian dollars per share. A year ago the price was in the area 1.43 dollars. The company also increased quarterly dividends on 8%, to 83 Canadian cents.

Recall, In January, the largest consulting company Canada conducted a survey, During which she found out, what order 67% Canadians would like to receive a salary in cryptocurrencies.