• First Reference
  • About us
  • Contact us
  • Blog Signup 📨

First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

  • Home
  • About
  • Archives
  • Resources
  • Buy Policies
You are here: Home / Business / Canada’s oldest stock exchange enters cryptocurrency market

By Occasional Contributors | < 1 Minutes Read May 1, 2018

Canada’s oldest stock exchange enters cryptocurrency market

Toronto Stock Exchange enters the cryptocurrency market.
cryptocurrency marketTMX Group Ltd., which owns the 166 year-old Toronto Stock Exchange, announced on March 22, 2018 that it would launch a cryptocurrency platform and thereby enter the burgeoning market for virtual currencies. According to the TMX press release, Shorcan Brokers Ltd., a subsidiary of TMX, will build this first exchange-owned brokerage platform for cryptocurrency investors, compile data on cryptocurrencies and publish relevant performance benchmarks.
The new cryptocurrency platform will involve Shorcan partnering with Paycase Financial Corp., a Toronto-based cryptocurrency payment company, and one of the major domestic Canadian banks will provide payment and settlement services. The platform is to be named “Shorcan Digital Currency Network” and should be online in the second quarter of 2018.
It is expected that the new cryptocurrency platform will focus initially on the two most heavily traded cryptocurrencies, bitcoin and Ether, with room to expand if clients demand more currencies or services.
In the United States, the Chicago Board Options Exchange and Chicago Mercantile Exchange began trading futures contracts and other derivative products tracking cryptocurrencies on their exchanges as of December 2017.
By Ana Badour, Heidi Gordon and Shauvik Shah, McCarthy Tétrault

  • About
  • Latest Posts
Occasional Contributors
In addition to our regular guest bloggers, First Reference Talks blog published by First Reference, provides occasional guest post opportunities from various subject matter experts on the topics of human resources, employment/labour law, internal controls, information technology, not-for-profit, business, privacy, tax, finance and accounting, and accessibility in Canada among others. If you are a subject matter expert and would like to become an occasional blogger, please contact us. If you liked this post, subscribe to First Reference Talks blog to get regular updates.
Latest posts by Occasional Contributors (see all)
  • Corporations Canada and new transparency about federal non-profit corporations under the CNCA and new fees for certain documents - December 21, 2022
  • How much should a Canadian registered charity spend on administration? - November 30, 2022
  • Finance proposes changes to disbursement quota for charities and some increased transparency - November 11, 2022

Article by Occasional Contributors / Business, Finance and Accounting, Privacy / banking, bitcoin, cryptocurrency, cryptocurrency market, Toronto Stock Exchange

Share with a friend or colleague

Get the Latest Posts in your Inbox for Free!

Electronic monitoring

About Occasional Contributors

In addition to our regular guest bloggers, First Reference Talks blog published by First Reference, provides occasional guest post opportunities from various subject matter experts on the topics of human resources, employment/labour law, internal controls, information technology, not-for-profit, business, privacy, tax, finance and accounting, and accessibility in Canada among others. If you are a subject matter expert and would like to become an occasional blogger, please contact us. If you liked this post, subscribe to First Reference Talks blog to get regular updates.

Footer

About us

Established in 1995, First Reference is the leading publisher of up to date, practical and authoritative HR compliance and policy databases that are essential to ensure organizations meet their due diligence and duty of care requirements.

First Reference Talks

  • Home
  • About
  • Archives
  • Resources
  • Buy Policies

Main Menu

  • About First Reference
  • Resources
  • Contact us
  • 1 800 750 8175

Stay Connected

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

We welcome your comments on our blog articles. However, we do not respond to specific legal questions in this space.
We do not provide any form of legal advice or legal opinion. Please consult a lawyer in your jurisdiction or try one of our products.


Copyright © 2009 - 2023 · First Reference Inc. · All Rights Reserved
Legal and Copyright Notices · Publisher's Disclaimer · Privacy Policy · Accessibility Policy