Online tool helps first-time users navigate options trading
MONTRÉAL, Sept. 10, 2012 /CNW/ - Montréal Exchange Inc. (MX), a
wholly-owned subsidiary of TMX Group Ltd. and Canada's derivatives
exchange, today announced the launch of its options trading simulator.
The virtual trading platform is an online and smartphone-compatible tool
that enables individual investors to execute options trading
strategies, enhancing their knowledge of both options and market
dynamics. A tutorial for first-time users is available.
"We are extremely proud to launch this options trading simulator for the
Canadian market," said Alain Miquelon, President and CEO, Montréal
Exchange. "We want to encourage investors of all levels, including
students, to learn more about the derivatives market and to look to MX
as the centre of excellence of these highly specialized products."
The simulator complements the MX's existing educational tools, including
Options Education Days information sessions, training tutorials on m-x.tv and blog posts on optionmatters.ca.
The online tool will also be used for the MX Options Trading Simulation
program - one of MX's educational initiatives that was announced in
February 2012. This program allows student teams from seven
universities in Quebec to create and trade a virtual portfolio of
$100,000. Students are provided with an educational presentation prior
to the contest, which runs for nine trading weeks beginning on October
1, 2012. The winning team will have accumulated the best return while
respecting the mandatory components and will receive a $10,000 prize
from the MX.
For more information about the options trading simulator or to create an
account, individual investors can visit m-x.ca/optionsimulator.
About TMX Group
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, Alpha
Exchange, 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, 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: TSX Group Inc.
For further information:
Manager, Corporate Communications