In this episode of FTSE Russell Index Ideas, Joshua Gorelik, director of fixed income quantitative research at FTSE Russell, and Alex Prince, executive director of interest rate derivatives at the Montréal Exchange (TMX), talk about the FTSE Canada Bank Credit Spread Index Series and its role as an underlying for TMX’s FTSE Canada Bank Credit Index Futures (BCS), launched in April 2026.

Chapters

• (00:00:00) - Introduction
• (00:01:44) - Unpacking the FTSE Canada Bank Credit Spread Index
• (00:04:21) - Use cases
• (00:07:12) - How the index series works
• (00:09:00) - Other considerations
• (00:09:55) - TMX's launch of futures contracts
• (00:13:30) - Concluding thoughts