Montréal Exchange (MX), Canada's derivatives exchange, announced the launch of options on 10 CIBC Canadian Depositary Receipts (CDRs), marking a significant expansion of investment opportunities for Canadian investors.
The new CDR options, listed on MX and available at the opening of trading today, provide investors with access to options on fractional shares of U.S. companies while trading in Canadian dollars on a Canadian exchange. CDR options allow investors to gain exposure via options to high demand U.S. underlyings in Canadian dollars, providing new opportunities for retail investors to diversify their portfolios within the Canadian market.
"We're proud of the continued evolution of our growing platform, now adding CDR options to our rapidly expanding product suite," said Elliot Scherer, Managing Director and Global Head, Wealth Solutions Group at CIBC Capital Markets. "As investors look for more ways to invest in global companies, we look forward to furthering our CDR offering and developing industry-leading solutions to meet investor demand."
"MX is committed to providing innovative and tailored investment solutions to its clients," said Robert Tasca, Managing Director, Derivatives Products and Services, Montréal Exchange. "With the launch of these options on CDRs, retail investors gain valuable portfolio management flexibility in Canadian dollars."
The following CDRs are available for options trading:
- Advanced Micro Devices CDR - AMD
- Alphabet CDR - GOOG
- Amazon.com CDR - AMZN
- Apple CDR - AAPL
- Berkshire Hathaway CDR - BRK
- Costco CDR - COST
- Meta CDR - META
- Microsoft CDR - MSFT
- Nvidia CDR - NVDA
- Tesla CDR - TSLA
For more information, please visit MX CDR Options here.
