TMX Says Lower Trading Volume Mostly Due to Avoidance of Pot Stocks

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TMX Says Lower Trading Volume Mostly Due to Avoidance of Pot Stocks

123rf.com / Sergey Nivens / Standard License.

TMX Group Ltd’s CEO on Thursday brushed off signs that the grip of Canada’s dominant stock exchange operator on overall trading volumes was slipping, saying recent market share losses were mostly due to its rejection of certain listings.

TMX has shied away from listing marijuana-related companies with U.S. investments or operations, so many of them have turned instead to the smaller Canadian Securities Exchange, or CSE.

TMX is wary of legal liability as more U.S. states legalize the drug.

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