Latest news with #MontréalExchange
Yahoo
24-03-2025
- Business
- Yahoo
Montréal Exchange President and CEO Luc Fortin to Present at the 23rd Annual National Bank Financial Services Conference
Toronto, Ontario--(Newsfile Corp. - March 24, 2025) - Luc Fortin, President and CEO, Montréal Exchange, and Global Head of Trading, TMX Group, will present at the 23rd annual National Bank Financial Services Conference on Wednesday, March 26, 2025 at 2:30 – 2:55 p.m. ET. A link to the webcast will be available and archived in TMX's shareholder events section. About TMX Group (TSX: X) TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit Follow TMX Group on X: @TMXGroup. For more information, please contact: Catherine KeeHead of Media RelationsTMX To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Toronto Stock Exchange to Celebrate Anniversary of World's First ETF
The Toronto Stock Exchange (TSX) will mark the 35th anniversary of the first ETF today with a special market close event commemorating a Canadian financial innovation that transformed global investing. The world's first exchange-traded fund, the Toronto 35 Index Participation Units (TIPs), launched on March 9, 1990, according to the press release. This product served as the prototype for modern ETFs, which have since become one of the most popular investment vehicles globally. The milestone highlights Canada's pioneering role in creating investment vehicles now used by millions worldwide, with the Canadian ETF market recently surpassing $600 billion in assets under management across more than 1,000 products, according to a TSX press release. "We are extremely proud to see that ETFs—a Canadian invention—have changed the financial markets and the way that investors interact with markets around the world," Loui Anastasopoulos, Toronto Stock Exchange CEO, said in the announcement. Canada has maintained its leadership position in ETF innovation over the decades, according to TSX. The exchange listed the world's first fixed-income ETF in 2000 and the world's first bitcoin ETF in 2021, continuing a trend of financial product development. At the end of January 2025, TSX ETFs held over $560 billion in assets under management across 1,073 products, according to the release. In 2024, $753 billion worth of ETF units were traded in Canada, with options available on 53 ETFs through the Montréal Exchange. Graham MacKenzie, managing director of exchange-traded products at the Toronto Stock Exchange, noted in the release, "The Canadian ETF ecosystem has experienced remarkable growth and innovation in the past 35 years." The anniversary celebration coincides with TMX Group's recent expansion in the ETF industry. In January 2024, the company acquired VettaFi, a U.S.-based indexing and analytics firm, according to the press | © Copyright 2025 All rights reserved Sign in to access your portfolio
Associated Press
03-03-2025
- Business
- Associated Press
Montréal Exchange Announces Options on 10 CIBC Canadian Depositary Receipts
Innovative instruments provide advisors and retail investors with access to options on US equities in Canadian dollars Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Montréal Exchange (MX), Canada's derivatives exchange, announced the launch of options on 10 CIBC Canadian Depositary Receipts (CDRs), marking a significant expansion of investment opportunities for Canadian investors. The new CDR options, listed on MX and available at the opening of trading today, provide investors with access to options on fractional shares of U.S. companies while trading in Canadian dollars on a Canadian exchange. CDR options allow investors to gain exposure via options to high demand U.S. underlyings in Canadian dollars, providing new opportunities for retail investors to diversify their portfolios within the Canadian market. 'We're proud of the continued evolution of our growing platform, now adding CDR options to our rapidly expanding product suite,' said Elliot Scherer, Managing Director and Global Head, Wealth Solutions Group at CIBC Capital Markets. 'As investors look for more ways to invest in global companies, we look forward to furthering our CDR offering and developing industry-leading solutions to meet investor demand.' 'MX is committed to providing innovative and tailored investment solutions to its clients,' said Robert Tasca, Managing Director, Derivatives Products and Services, Montréal Exchange. 'With the launch of these options on CDRs, retail investors gain valuable portfolio management flexibility in Canadian dollars.' The following CDRs are available for options trading: Advanced Micro Devices CDR - AMD Alphabet CDR - GOOG CDR - AMZN Apple CDR - AAPL Berkshire Hathaway CDR - BRK Costco CDR - COST Meta CDR - META Microsoft CDR - MSFT Nvidia CDR - NVDA Tesla CDR - TSLA For more information, please visit MX CDR Options here. About TMX Group (TSX: X) TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit Follow TMX Group on X: @TMXGroup. For more information please contact: Catherine Kee 416-671-1704
