Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Limited and Canada’s derivatives exchange, today launched the fourth edition of the Options Trading Simulation contest.
The contest is open to undergraduate university students from coast to coast and engages students in the hands-on experience of trading Canadian options. The level of participation in the Options Trading Simulation has grown from seven Quebec-based business schools in the first edition in 2012 to 28 Canadian universities with over 1,200 teams competing for $17,500 in prizes. Five universities have now incorporated the contest into their derivatives education curriculum.
“Our derivatives education initiative continues to broaden its reach across the country,” said Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives Markets, TMX Group. “The increasing popularity of the Options Trading Simulation contest and our Canadian Derivatives Exchange Scholars Program are very encouraging signs for the advancement of financial literacy in Canada.”
The TMX Trading Simulator, a feature of the TMX Capital Markets Learning Centre (www.tmx- edu.com) will once again be used in the Options Trading Simulation contest, which runs from February 3, 2014 to April 4, 2014. For more information about the contest please visit www.m- x.ca/sim.
