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MX and the Options Industry Council announce initiative for equity options education
MONTREAL and CHICAGO, IL, April 3 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX:MXX) and The Op...
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[{"type":"text","content":"\n\n\n\nMONTREAL and CHICAGO, IL, April 3 /CNW Telbec/ - Montreal Exchange Inc.\n(MX) (TSX:MXX) and The Options Industry Council (OIC), a world leader in\noptions education based in Chicago, announced today that they will undertake\ncooperative efforts to help Canadian investors learn about equity options and\naccelerate the growth of the options market in Canada.\n\n\n"We are enthusiastic about joining forces with OIC," said Luc Bertrand,\nPresident and CEO of MX. "We have been engaged in Canadian options education\nand training for years. OIC has set high standards of investor education in\nthe United States, one of the world's fastest growing and largest equity\noptions markets. MX experts will leverage OIC knowledge and expertise to\naccelerate the diffusion of options knowledge in Canada."\n\n\nThe MX delivers hundreds of seminars on financial derivatives to Canadian\ninvestors every year.\n\n\n"OIC has been providing investor education for more than 15 years because\noptions are a powerful tool for investors' portfolios when used properly. This\ninvestment in education has returned dramatic growth in trading volume," said\nGina McFadden, President of The Options Industry Council. "We are very pleased\nto work with the Montreal Exchange to further our educational efforts. Our\nmarkets have long been closely linked, both in terms of the product and\ninvestor interest."\n\n\n"We want to help Canadians discover the investment opportunities provided\nby exchange-traded options," Mr. Bertrand added. "Our shared goal is to\ncontinue developing financially sound and efficient options markets in North\nAmerica where investors can hedge risk and find opportunities to profit from\nmarket fluctuations," Mr. Bertrand noted.\n\n\nMX and OIC are planning initiatives to include a series of educational\nevents and presentations in major Canadian cities that will introduce leading\nequity options experts to audiences of interested Canadian investors. The\nfirst presentations are scheduled for Saturday, April 5 in Calgary, and\nSunday, April 6 in Edmonton, from 8:30 a.m. to 4:30 p.m. These sessions\ninclude a full education day on options that will cover basic, intermediate\nand advanced options strategies.\n\n\nAbout the Montreal Exchange\n\n\nThe Montreal Exchange (MX) is the Cana...