Montréal Exchange has appointed Luc Fortin as managing director of derivatives trading.

Fortin will be responsible for developing and deploying strategies to grow the derivatives business.

Most recently, he served as managing director, Canadian head of the institutional client group at HSBC Bank Canada.

In this role, Fortin led HSBC's institutional client-facing businesses in rates and credit, derivatives, foreign exchange and money markets across Canada.

Prior to that, he held senior leadership positions at TD Bank and TD Securities.

"MX is proud to bring Luc Fortin, a proven, respected leader in the Canadian fixed income and derivatives industry to our leadership team," said Alain Miquelon, president and chief executive of, Montréal Exchange and Group Head of Derivatives, TMX Group.

"MX continues to work closely with our stakeholders to grow the use of derivatives in this country and to enhance the appeal of our markets to investors in Canada and around the world.”