Educational programs reinforce MX's position as Canada's leader in
MONTRÉAL, Feb. 28, 2012 /CNW/ - Montréal Exchange Inc. (MX), a
wholly-owned subsidiary of TMX Group and Canada's derivatives exchange,
today announced the launch of two financial education initiatives - the
Options Trading Simulation and the Canadian Derivatives Exchange
The two new programs were created to support university finance students
who are interested in learning about derivatives products, as well as
to support the province's university finance departments' derivatives
"We are excited to be launching these new programs and partnering with
universities," said Alain Miquelon, President and CEO, Montréal
Exchange. "Our goal is to encourage students to learn more about the
derivatives market and position MX as the centre of excellence of these
highly specialized products."
The Options Trading Simulation will allow students to form teams and
construct options portfolios with an initial $100,000. The simulation
runs for ten trading weeks from October 2012 through to the end of
November 2012, with a winter session the following semester. Students
are required to execute pre-defined trading strategies and to
participate in an educational presentation.
The Canadian Derivatives Exchange Scholars Program will award one
university graduate scholarship of $15,000 and one university
postgraduate scholarship of $20,000 each academic year for five years.
Students are required to conduct a research project on exchange-traded
derivatives, financial risk management or any related topic.
The MX financial education initiatives are currently offered in seven of
Quebec's universities, including ÉSG-UQÀM, HEC Montréal, McGill
University, Concordia University, UQTR, Université Laval and Université
de Sherbrooke, where student ambassadors are promoting the MX programs
to other students and finance departments.
For more details about the Options Trading Simulation please visit
m-x.ca/sim and for the Canadian Derivatives Exchange Scholars Program
please visit m-x.ca/bourses.
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, TMX Select, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy
Brokers, 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 (New York, Houston, Boston and Chicago)
as well as in London and Beijing. For more information about TMX Group,
visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE TSX Group Inc.
For further information:
Manager, Corporate Communications