Contract trades on the S&P/TSX 60™ Index
MONTREAL, May 24, 2011 /CNW/ - Montreal Exchange Inc., a wholly-owned
subsidiary of TMX Group Inc., today announced that it has successfully
launched the SXM™ Mini Futures contract on the S&P/TSX 60™ Index.
The SXM™ Mini Futures contract represents one quarter of the value of
the current S&P/TSX 60™ Index Standard Futures contract (SXF™),
offering a smaller capital alternative.
The contract provides a new trading opportunity that can be used by a
wide range of investors, including individual investors, who may find
it particularly attractive due to its small notional size.
"We are very pleased to further diversify our product offering with the
introduction of the new SXM™ Mini Futures contract," said Alain
Miquelon, President, Montreal Exchange. "The SXM™ contract was designed
with retail investors in mind, and we are pleased to offer a new
product geared towards this market segment."
Trading of the SXM™ Mini Futures contract commences with the June 2011
contract (M11), with regular quarterly expiries going forward. The
contract trades during an early session from 6:00 a.m. - 9:15 a.m.
(ET), and a regular session from 9:30 a.m. - 4:15 p.m. (ET). The
contract is cash settled against the opening level of the underlying
S&P/TSX 60™ on the third Friday of the expiration month.
For more information about the SXM™ Mini Futures contract, please visit:
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange,
Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston
Options Exchange (BOX), Shorcan, Shorcan Energy, Equicom and other TMX
Group companies provide listing markets, trading markets, clearing
facilities, 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
(Houston, Boston and Chicago) as well as in London. For more
information about TMX Group, visit our website at www.tmx.com.
SOURCE TMX GROUP INC.
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