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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, effective today.
“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.”
| Criteria | Old Position Limit | New Position Limit |
| Up to 20 Million six month Volume or Up to 15 Million six month Volume & 40 Million Shares Outstanding |
13,500 |
25,000 |
| Up to 40 Million six month Volume or Up to 30 Million six month Volume & 120 Million Shares Outstanding |
22,500 | 50,000 |
| Up to 80 Million six month Volume or Up to 60 Million six month Volume & 240 Million Shares Outstanding |
31,500 | 75,000 |
| Up to 100 Million six month Volume or Up to 75 Million six month Volume & 300 Million Shares Outstanding |
60,000 | 200,000 |
| At least 100 Million six month Volume or At least 75 Million six month Volume & 300 Million Shares Outstanding |
75,000 | 250,000 |
For more information please visit www.m-x.ca.
