Montréal Exchange Introduces Share Futures New Product Class Expands Trading Opportunities for Institutional Investors
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Montréal Exchange Introduces Share Futures New product class expands trading opportunities for institutional investors Montréal Exchange (MX), Canada’s financial derivatives exchange, today launched trading in share futures on Canadian‐listed securities. Also referred to as single stock futures, each share futures contract allows an investor to buy or sell shares of an underlying listed security at a fixed price at a future date. MX share futures contracts are designed to meet the evolving needs of many of our participants, including institutional investors, hedge funds and portfolio managers. The listing of share futures contracts on Canadian stocks extends MX’s offering in equity derivatives products. A share futures contract trades in Canadian dollars, represents 100 shares of stock and is physically delivered. At launch, MX share futures are available on 20 underlying securities listed on Toronto Stock Exchange (TSX), some of which are interlisted on other global equity markets. Share futures are cleared by the Canadian Derivatives Clearing Corporation. Visit www.m‐x.ca/sharefutures for more information and to view a list of share futures now available on MX. About TMX Group (TSX:X) TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup. For more information please contact: Mathieu Labrèche Manager, Corporate Communications and Public Affairs TMX Group 416‐947‐4474 [email protected] .