Business
Montreal Exchange: Clarifications on stock index futures
Montreal Exchange: Clarifications on stock index futures.
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL, Aug. 15 /CNW Telbec/ - The Montreal Exchange (TSX: MXX) is\nissuing the following clarifications regarding its stock index futures.\n\n\nThe Exchange holds a license from Standard and Poor's to use the\nS&P/TSX 60 Index as a support for futures contracts (SXF) and options until\nJune 2009. The Exchange continues to develop these contracts which represented\n6% of its total revenues for the first half of 2007.\n\n\nThe Exchange would like to reiterate that the success of a futures\ncontract depends primarily on the quality of the trading and clearing\nservices, the market model and its regulatory framework, the level of\nliquidity and open interest reached and the critical mass of domestic and\nforeign participants.\n\n\nIn light of the announcement made this morning regarding the agreement\nbetween TSX and S&P, the Exchange is examining all of its options regarding\nthe period subsequent to June 2009 and will continue to act, in close\ncooperation with market participants, in the interest of the Canadian capital\nmarket development.\n\n\nAbout Montreal Exchange Inc.\n\n\nThe Montreal Exchange (MX) is Canada's financial derivatives exchange.\nThe MX offers trading in Canadian interest rate, index and equity derivatives.\nClearing, settlement and risk management services are provided by an AA rated\nclearing house, the Canadian Derivatives Clearing Corporation, fully owned by\nthe MX. Our integrated trading and clearing services are supported by a\nproprietary suite of exchange technologies, known as SOLA(R). The MX also has\ninterests in: the Boston Options Exchange (BOX), a U.S. automated equity\noptions market, for which MX is the technical operator; the Canadian Resources\nExchange (CAREX), a new corporation created with NYMEX that is dedicated to\ndeveloping the Canadian energy market; and the Montreal Climate Exchange\n(MCeX), a joint venture with the Chicago Climate Exchange(R), aiming to\nestablish the leading market for publicly traded environmental products in\nCanada. For more information about the Montreal Exchange, please visit\nwww.m-x.ca.\n\n\n","length":2157,"tagName":"div"}]