‘One of the most significant innovations in investing’: TMX CEO jumps deeper into ETFs

‘One of the most significant innovations in investing’: TMX CEO jumps deeper into ETFs


TMX Group CEO on ETF growth, commodities and crypto

The Toronto Stock Exchange’s mum or dad company has presently completed a major offer this year: its acquisition of ETF schooling firm VettaFi.

In accordance to TMX Group CEO John McKenzie, the offer will help develop its exchange-traded fund business globally.

“The exchange-traded fund is effectively 1 of the most vital innovations in investing in the market history — at least in the previous 20 [to] 30 several years,” McKenzie told CNBC’s “ETF Edge” this week. “What we ended up actually seeking to do is … get deeper into offering extra support to our customers.”

Even although ETF action has cooled off from its 2022 documents, action in 2023 was still over former yrs, according to iShares facts.

McKenzie strategies to utilize the VettaFi acquisition to aid extra ETF generation.

“ETF providers can create new products and great alternatives so that they can achieve a broader investing viewers,” McKenzie stated. “That is the just one two punch of what we are undertaking with that expense.”

TMX’s ETF Screener lists 1,264 ETFs and ETF-relevant resources on the Toronto Stock Trade as of Friday.

With VettaFi in the exchange’s instrument belt, McKenzie hopes to produce new ETFs concentrating on Canada’s economic strengths and how they can access intercontinental traders.

“We want to be much more world wide than local,” added McKenzie. “This is a terrific asset to aid us establish not just in the U.S., not just in Canada, but about the earth.”

Due to the fact the acquisition was concluded on Jan. 2, TMX shares are up 11%.

Disclaimer



Source

Asia markets open higher after Trump vows to significantly raise tariffs on India
World

Asia markets open higher after Trump vows to significantly raise tariffs on India

Opening calls Happy Tuesday from Singapore. Asia markets are poised for a mixed open. Australia’s S&P/ASX 200 was set to start the day higher with futures tied to the benchmark at 8,701, compared with its last close of 8,663.70. Japan’s benchmark Nikkei 225 was set to open higher, with the futures contract in Osaka last traded at 40,610 against […]

Read More
S&P 500 futures inch higher after benchmark snaps losing streak, Palantir pops on earnings: Live updates
World

S&P 500 futures inch higher after benchmark snaps losing streak, Palantir pops on earnings: Live updates

Traders work at the New York Stock Exchange on July 30, 2025. NYSE Stock futures were slightly higher on Monday night, following Wall Street’s rebound, as investors followed the latest batch of corporate earnings. Dow Jones Industrial Average futures added 54 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each also added 0.1%. […]

Read More
Hims & Hers stock falls 10% on revenue miss
World

Hims & Hers stock falls 10% on revenue miss

The Hers app arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025.  Gabby Jones | Bloomberg | Getty Images Shares of Hims & Hers Health fell 9% in extended trading on Monday after the telehealth company reported second-quarter results that missed Wall Street’s expectations for revenue. Here’s how the company did […]

Read More