Posted in Finance, Accounting and Economics Terms, Total Reads: 381
Definition: Montreal Exchange
The MX or the Montreal Exchange is a derivatives exchange. It is located in Montreal, Canada and was founded in 1832. It is the country’s major financial derivative market. The commodity derivatives are majorly traded on the Winnipeg Commodities Exchange located in Manitoba.
It is owned by the TMX group and located at the Tour de la Bourse since 1965. The MX trades in futures contracts as well as options on indices, currencies and equities, energy, interest rates and ETFs. Most of the large Canada traded companies are covered by the equity option trading on the MX. Short term banker’s acceptance including the overnight rate to 10 year government bonds are covered by the interest rate derivatives traded on the MX. The S&P Canada 60 index and various other TSX sector indexes are covered by the index futures and options traded on the MX.