Montréal Exchange Expands Derivatives Education Initiative in Canada
Options Trading Simulation now features enhanced tools in 3rd edition
MONTRÉAL, Sept. 30, 2013 /CNW/ - 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.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
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Manager, Corporate Communications