CANADA: Montreal Exchange Updates Position Limits for Share Futures Contracts

Wednesday July 12 2017

On 12^th July 2017, Bourse de Montréal updated the positon limits for share futures listed on the Bourse. The position limits for share futures contracts apply to all net long or net short futures positions in all contract months combined, that are aggregated with options on the same side of the market, relating to the same underlying interest (whether long or short), in accordance to Article 6651 of the Rules of the Bourse.

Please be reminded that in accordance to Article 6651 – Position Limits for Options and Share Futures Contracts of the rules of the Bourse, calls written, puts held, a net short share futures position, and short underlying interest are on the same side of the market and puts written, calls held, a net long share futures position, and long underlying interest are on the same side of the market.

Large open positions must be reported in accordance to Article 14102 – Reports Pertaining to the Accumulation of Positions for Derivative Instruments. The reporting threshold for large open position reports (LOPR) of share futures is 250 contracts. Please refer to Circular 149-16 for more details.

The new limits are effective as of the open of the next business day.

Click here for list of updated positon limits.

Click on the link above for further information.