Montréal Exchange (MX), a wholly-owned subsidiary of TMX Group and Canada’s derivatives exchange, is to 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,” says Alain Miquelon (pictured), president and chief executive, 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.”
