MX recognizes Quebec university finance students
MONTRÉAL, Dec. 5, 2012 /CNW/ - Montréal Exchange Inc. (MX), a
wholly-owned subsidiary of TMX Group Limited and Canada's derivatives
exchange, today announced the winners of the 2012 University
Partnership Awards. The awards ceremony was held in conjunction with
TMX Group's Board of Directors reception held last evening at the MX.
The Options Trading Simulation and the Canadian Derivatives Exchange
Scholars Program were launched in February 2012 as part of MX's
financial education initiatives. These programs were created to
support university finance students interested in learning about
derivatives products, as well as to reinforce MX's position as the
centre of excellence for derivatives.
"We are extremely pleased to recognize these students in MX's first
edition of the University Partnership Awards," said Alain Miquelon,
President and CEO, Montréal Exchange Inc. and Group Head of
Derivatives, TMX Group. "Through this partnership with the
universities, MX is able to support financial education, as well as to
provide students who are keen to learn with the resources they need as
they begin their careers."
For the Options Trading Simulation, more than 475 students formed teams
and constructed options portfolios with an initial $100,000. The
students used MX's options trading simulator to trade their option
classes, as well as execute the predefined trading strategies. Neil
McAlpine and Spencer Powell from McGill University formed the winning
team, M&P Trading, with a total return of 98%.
The Canadian Derivatives Exchange Scholars Program awarded a university
graduate scholarship of $15,000 to Quentin Rajon of Université Laval.
The university postgraduate scholarship of $20,000 went to Frédéric
Godin of HEC Montréal.
The Options Trading Simulation will begin again on February 4, 2013 and
the deadline for the Scholarship Program is May 17, 2013. For more
details about the Options Trading Simulation please visit m-x.ca/sim and for the Canadian Derivatives Exchange Scholars Program please visit
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, Boston 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.
SOURCE: Toronto Stock Exchange
For further information:
Manager, Corporate Communications