TORONTO, June 8, 2018 /CNW/ - Benjamin Macdonald, Director of Global Equity Derivatives, National Bank Financial joined Jeff Foster, Head, Business Development, Equities Trading, TMX Group, to close the market to launch the Basis Trade on Close (BTC) functionality. BTC is bridging the gap between the Equities and Cash close and the corresponding futures markets. This is Canada's first electronic trading functionality which links Canada's flagship S&P/TSX60 Index futures product and Share Futures to the cash markets. This continuous trading basis market will further increase transparency and liquidity to the Canadian basis market. On June 8, 60 futures were eligible for trading with the BTC functionality.
SOURCE TMX Group Limited