Montréal Exchange Expands Derivatives Education Initiative In Canada - Options Trading Simulation Now Features Enhanced Tools In 3rd Edition

Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Limited and Canada’s derivatives exchange, today launched the third edition of the Options Trading Simulation.

The Options Trading Simulation is one of MX’s financial education initiatives that began in February 2012. The contest has grown significantly from the initial seven participating universities in Quebec to today’s participation level of 19 universities in five provinces. There are almost 800 teams registered, which is an increase of 367%, compared to last year’s event.

“Our goal with this program is to provide a solid foundation in options trading for these students and develop financial literacy before they embark on their careers,” said Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives Markets, TMX Group.

MX’s trading simulator will once again be used in the contest with the added feature of the newly integrated options calculator, which is also available as a stand-alone mobile tool. The calculator is an educational tool that can be used to assist individual investors and professionals in calculating the Greeks and computing the theoretical value of options.

The Options Trading Simulation runs from September 30 to November 29, 2013.  For more information about the contest please visit m-x.ca/sim.