Although already recognized as a self-regulatory organization, the Montreal Exchange must submit a new application for recognition pursuant to sections 169 and 172 of the Quebec Securities Act due to the structural changes in the demutualization plan that creates a new legal entity, Montreal Exchange Inc.
"In order for us to be accessible, efficient and attractive for all investors, the Montreal Exchange must have an ownership structure and business model that can adapt to the new developments affecting financial markets on a global scale. Demutualization will provide the Montreal Exchange with a modern business structure, a vital component for success as an exchange, especially in a context where our competitors already have this advantage ," said Luc Bertrand, President and CEO of the Montreal Exchange.
The Montreal Exchange is recognized as the Canadian Derivatives Exchange. Founded more than 125 years ago, the Montreal Exchange has always played a leading local, national and international role. The Montreal Exchange was the first Canadian exchange to list options and, subsequently, to establish a major futures market. The Montreal Exchange is a member of the GLOBEX Alliance, the first international electronic trading network of derivative products. The Montreal Exchange provides both individual and institutional investors with a full range of products adapted to market needs.
