MONTREAL, March 3 /CNW Telbec/ - Montréal Exchange Inc. (MX) (TSX: MXX)
today announced that in a judgment rendered on February 27, 2008, the Superior
Court of Québec has dismissed with costs the action for damages filed by
39 former independent traders holding restricted trading permits (the
"locals") against the Montréal Exchange. The Superior Court confirmed that MX
had the right to automate its markets in 2000-2001, gave adequate advance
notice to traders about the automation, and implemented concrete measures to
ease the transition from open-outcry trading to electronic trading.
About Montréal Exchange Inc.
The Montréal Exchange (MX) is the Canadian derivatives exchange. The 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, the Canadian Derivatives Clearing Corporation, fully owned by
the MX. Our integrated trading and clearing services are supported by a
proprietary suite of exchange technologies, known as SOLA(R). The MX also has
interests in: the Boston Options Exchange (BOX), a U.S. automated equity
options market, for which MX is the technical operator; the Canadian Resources
Exchange (CAREX), a new corporation created with NYMEX that is dedicated to
developing the Canadian energy market; and the Montréal Climate Exchange
(MCeX), a joint venture with the Chicago Climate Exchange(R), aiming to
establish the leading market for publicly traded environmental products in
Canada. For more information about the Montréal Exchange, please visit
For further information:
For further information: Jean Charles Robillard, (514) 871-3551,