Montréal Exchange Introduces New Mini Futures Contracts On The S&P/TSX Composite Index

TMX Group Inc. announced today that Montréal Exchange Inc. (MX) has introduced a new Mini Futures Contract on the S&P/TSX Composite Index™ (ticker symbol: SCF). The introduction of this new contract expands the product line of index futures contracts offered on the MX to include a smaller contract size, thus providing more diverse trading opportunities for portfolio managers, individual investors and market participants. The S&P/TSX Composite Index is the leading Canadian indicator of market activity and principal broad market measure for Canadian equity markets.

In April, MX reactivated its Five-Year Government of Canada Bond Futures Contracts (ticker symbol: CGF) to offer full product coverage across the yield curve. MX also recently introduced implied pricing for the Three-Month Canadian Bankers’ Acceptance Futures Contracts (ticker symbol: BAX). The implied pricing market model for the BAX contracts provides customers with greater market quality and liquidity by adding a new price discovery mechanism.

“Listing Mini Futures Contracts on the S&P/TSX Composite Index sets another milestone in our 2009 product initiatives,” said Alain Miquelon, Executive Vice President and COO, MX. “These new products will significantly broaden the choice of strategic solutions available to our clients for their wide-ranging investment and risk management requirements, and will play an important role in the development of the Canadian futures market.”