TMX Forges Ahead to Offer Round-the-Clock Derivatives Trading
Despite the coronavirus, the exchange is on track with plans to offer near 24-hour derivatives trading, new interest rate contracts, and increased transparency into ESG risks.
Canadian exchange operator TMX Group will continue with plans to extend market hours and release products in 2020 and 2021, says Luc Fortin, president and CEO of the Montreal Exchange (MX) and TMX Group’s global head of trading.
TMX is going ahead with efforts to execute those plans despite the global coronavirus outbreak, which has put many businesses—and entire industries—on hold.
Several of the exchange’s growth plans are centered on its derivatives business. TMX already extended
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