Business
Montreal Exchange files for regulatory approval of market rules for trading of MCeX environmental products
Montreal Exchange files for regulatory approval of market rules for trading of MCeX environmental products.
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL, Oct. 5 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX: MXX)\nannounced today that it has filed for regulatory approval of market rules\ndesigned to govern the trading of Montreal Climate Exchange (MCeX)\nenvironmental products on its electronic trading platform, SOLA(R), namely\nfutures contracts on Canadian carbon dioxide equivalent units.\n\n\nThe rules were filed with the Autorite des marches financiers (Quebec).\nThe regulatory process provides for a 30-day public comment period on the MX\nfiling.\n\n\nThe regulatory filing is a key step forward in the plan, announced\nJuly 25 by MX, to launch trading in a MCeX carbon futures contract. MCeX is a\njoint venture of the MX and the Chicago Climate Exchange(R) (CCX).\n\n\nThe MCeX partners have taken a decision to launch trading in futures\nproducts based on an assessment of the federal government's air emissions\npolicy released in April 2007 and consultations with potential market\nparticipants, including large industrial emitters.\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":2100,"tagName":"div"}]