TMX Group to start 23-hour derivatives trading to lure Asian investors Nichola Saminather Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Darren Calabrese/The Canadian Press
The owner of Canada’s biggest stock exchanges is seeking to attract more Asian derivatives investors, aiming to boost the share of its overall revenues from outside the country to half from one-third currently.
TMX Group Ltd., which operates the Toronto Stock Exchange, the TSX Venture Exchange and the Montreal Exchange, plans to extend derivatives trading to 23 hours in the second half of 2021 from 14½ hours now to attract Asia-Pacific institutional investors, chief executive John McKenzie told Reuters in an exclusive interview.