Transaction Gives TMX Group Bigger North American Footprint in Equity
MONTREAL, Aug. 29 /CNW Telbec/ - Montréal Exchange Inc. (MX), a TMX
Group Inc. company (TSX-X), announced today that it has completed an
acquisition giving it a majority ownership interest of 53.2% in the Boston
Options Exchange Group, LLC (BOX), recognized as one of the most innovative US
equity options exchanges.
The MX acquired a 21.9% ownership position from another senior BOX
partner, the Boston Stock Exchange, Inc. (BSE), as agreed in December 2007.
The transaction was approved on August 7, 2008 by the BOX regulator, the
United States Securities and Exchange Commission (SEC). Regulatory services to
BOX will continue to be provided through BOXR, a wholly-owned subsidiary of
"Increasing our investment in BOX grows from confidence in our strategy
of expanding our presence in the US equity options market, one of the most
dynamic derivatives markets in the world," said Luc Bertrand, Deputy CEO of
the TMX Group, and President and CEO of the Montréal Exchange. "We continue in
our key role as technical operator and technology developer for this
innovative automated market."
About the Boston Options Exchange
The Boston Options Exchange Group, LLC (BOX) was established in February
2002. BOX is an all-electronic equity derivatives market and was created as an
alternative to the existing market models. BOX launched trading in February
2004. For more information, see the BOX website: www.bostonoptions.com.
About Montréal Exchange Inc.
Since May 1st, 2008, the Montréal Exchange is part of TMX Group Inc. TMX
Group is the leading integrated exchange group in Canada, operating markets
for multiple asset classes.
The Montréal Exchange (MX) is the Canadian derivatives exchange. MX
offers trading in Canadian interest rate, index and equity derivatives.
Clearing, settlement and risk management services are provided by an AA rated
clearing house. MX has interests in the Boston Options Exchange (BOX), a U.S.
automated equity options market, and the Montréal Climate Exchange (MCeX), a
joint venture with the Chicago Climate Exchange(R), which aims to establish
the leading market for publicly traded environmental products in Canada. For
more information about the Montréal Exchange, please visit www.m-x.ca.
For further information:
For further information: Jean Charles Robillard, (514) 871-3551,