TMX Group has listened to the wishes of institutional investors to balance
the trading risks of a new asset class. The Canadian TMX Group of companies
intends to launch cryptocurrency futures on the Montreal stock exchange.
The Group is the largest operator of the Canadian stock market.
TMX, as of January 1, has 17 exchange traded funds (ETFs) related
to digital assets. TMX CEO John Mackenzie says that more and more
dealers and institutional investors are adding crypto assets to portfolios
for their clients or ETFs. But cryptocurrencies have high volatility,
so now the group's specialists are figuring out how to better manage risks.
So far, TMX plans to launch futures only for its largest customers.
In its latest financial report, TMX Group reported adjusted earnings
of $1.77 Canadian dollars per share. A year ago, the price was around $ 1.43.
The company also increased its quarterly dividend by 8%, to 83 Canadian cents.
Recall that in January, Canada's largest consulting company conducted a survey,
during which it found out that about 67% of Canadians would like to receive a salary in cryptocurrencies.
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