File this one under “obvious news of the year”, but
TD Ameritrade (AMTD) is taking notice of millennial investor habits, especially when it comes to two of their favourite things – Bitcoin and cannabis.
Steve Boyle, TD Ameritrade’s CFO spoke at the
39th Annual Investors Conference on March 7th, 2018 and credited millennial investors for actively trading and holding regular positions like AMTD’s “regular customers”.
“We’re seeing interest in bitcoin-related equities, we’re seeing interest in cannabis stocks,” he said.
Steve Boyle called the millennial generation one that is very interested in investing and thinking about their future. However, he didn’t go into details on how TD Ameritrade plans to engage in the environment. He added:
“I wouldn’t expect an offering in the very near-term. […] We did roll out the Bitcoin futures, that’s more of an institutional product.”