TMX CEO Sees Inflation Jolting Demand for Fixed Income Futures

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TMX Group signage at the Toronto Stock Exchange.

Photographer: Pawel Dwulit/Bloomberg

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Higher inflation and central banks’ response to it are driving a surge in trading of fixed-income futures that looks poised to continue in the months ahead, TMX Group Ltd. Chief Executive Officer John McKenzie said.

Derivatives trading and clearing revenue rose 32% in the third quarter from a year earlier, the strongest gain among TMX’s four main lines of business, the Toronto-based exchange operator said Monday in its earnings statementBloomberg Terminal.