New product designed to help investors manage risk in emerging markets equities
MONTRÉAL, June 9, 2014 /CNW/ - Montréal Exchange Inc. (MX), Canada's derivatives exchange, today announced the introduction of a new futures product based on the performance of the FTSE Emerging Markets Index. Scheduled to begin trading on June 13, 2014, the FTSE Emerging Markets Index Futures (MX-EMF) are targeted at a wide range of market participants seeking exposure to emerging markets for hedging, asset allocation, speculative and arbitrage purposes.
"Global investor interest in emerging market equities is again on the rise and with this increased participation comes the need for effective risk management and hedging tools," said Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives Markets, TMX Group. "We are proud to add FTSE Emerging Markets Index Futures (MX-EMF) to our spectrum of index derivatives products and bring new investing opportunities in this space to our core Canadian clients as well as our growing international customer base."
The constituents of the FTSE Emerging Markets Index include large and mid-cap securities from advanced and secondary emerging markets, classified in accordance with FTSE's transparent Country Classification Review Process. The FTSE Emerging Markets Index provides investors with a comprehensive means of measuring the performance of the most liquid companies in the emerging markets.
Mark Makepeace, CEO of FTSE Group said: "The FTSE Emerging Markets Index covers a broad geographic spectrum across industry sectors, meeting the growing demand from investors looking to access these growth markets. We are delighted that Montreal Exchange has chosen to licence the FTSE benchmark for its new derivatives contract, which is compiled in line with our transparent methodology and independent governance structure."
"MX has a proven track record of delivering innovative and flexible products that keep pace with the evolving needs of the marketplace," added Thomas Kloet, CEO, TMX Group. "This new futures product expands our presence and enhances our profile in key international markets."
For more information about the product, please visit www.m-x.ca/emf
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, NGX, 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.
About FTSE Group
FTSE is a global leader in indexing and analytic solutions. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world. FTSE indices are used extensively by market participants worldwide for investment analysis, performance measurement, asset allocation and hedging. Leading pension funds, asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSE's indices to create world-class ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around the world with their domestic indices.
A core set of universal principles guides FTSE's index design and management: FTSE's transparent rules-based methodology is overseen by independent committees of leading market participants, focused on applying the highest industry standards in index design and governance. The foundation of FTSE's global, regional, country and sector indices is the FTSE Global Equity Index Series, which includes the flagship FTSE All-World Index.
FTSE is well known for index innovation and customer partnerships as it seeks to continually enhance the breadth, depth and reach of its offering.
FTSE is wholly owned by London Stock Exchange Group. For more information, visit www.ftse.com
SOURCE: Toronto Stock Exchange
For further information: TMX Group: Shane Quinn, Senior Manager, Communications and Public Affairs, TMX Group, 416-947-4609, firstname.lastname@example.org; FTSE Group: Press Office: Lucie Holloway, Tel: +44 20 7866 1821; Mark Benhard, Tel: +1 212 314 1199, Email email@example.com