Monday April 15 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Canada
Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group and Canada’s derivatives exchange, announced that it will raise position limits for equity and exchange-traded fund options.
“This is a very important development in line with MX’s strategy to grow the Canadian options market,” said Alain Miquelon, President and CEO, Montréal Exchange. “This change makes the market more attractive to large institutional investors and encourages them to trade on Exchange, rather than over the counter.”
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