‘Alexa, buy Til­ray shares.’ TD Amer­i­trade rolls out voice pur­chases

Calgary Herald - - FINANCIAL POST -

TD Amer­i­trade clients will soon be able to buy shares, in­clud­ing volatile pot stocks like Til­ray Inc., through Ama­zon.com Inc.’s smart speaker.

“We are al­low­ing trad­ing through Ama­zon’s Alexa,” Tim Hockey, chief ex­ec­u­tive of­fi­cer of the U.S. dis­count bro­ker, said in a BNN Bloomberg tele­vi­sion in­ter­view Wednes­day. “You can make a trade by speak­ing to your smart speaker — that’s an in­dus­try first and would have been un­heard of a cou­ple years ago.”

TD Amer­i­trade Hold­ing Corp., the Omaha-based firm that’s 41 per cent owned by Toronto-Do­min­ion Bank, has seen a surge of in­ter­est in the pot in­dus­try from clients, ac­cord­ing to Hockey.

Cannabis-re­lated stocks were about six per cent of to­tal trades in the most re­cent quar­ter, al­most as high as crypto-re­lated stocks, which ac­counted for about nine per cent of trades at the height of their pop­u­lar­ity last year, Hockey said.

“Crypto has now abated and now it’s about one per cent level of our trades, just to give you a sense of how these sec­tors trade,” Hockey said.

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