MONTRÉAL, Sept. 2, 2016 /CNW/ - Montréal Exchange (MX), Canada's leading derivatives exchange, today announced the recipients of the Canadian Derivatives Exchange Scholars Program scholarships for the 2016-17 academic year. Each year, MX awards scholarships to Canadian university students who submit winning research projects focused on exchange-traded derivatives or MX-related business activities and operations.
The recipients of the two graduate scholarships of $10,000 are Fatima Zahra Boutaggount and Frédéric Fontaine of Université de Sherbrooke for their study on the relationship between financial derivatives and risk management, and Craig Logan of the University of Western Ontario for his research on price pressure in options markets. The recipients of the two postgraduate scholarships of $25,000 are Denis-Alexandre Trottier of Université Laval to support his work on catastrophe bonds, and Haohua Xu of McGill University for his research on multi-currency corporate credit default swap spread differences.
"We are delighted to provide a forum for university finance students to pursue a deeper understanding of derivatives markets and aid in their further studies," said Luc Fortin, Interim President and Chief Executive Officer, Montréal Exchange.
The Canadian Derivatives Exchange Scholars Program and the Options Trading Simulation were launched in February 2012 as part of MX's financial education initiatives. Participation in the Options Trading Simulation Contest has grown significantly, from seven universities in Québec in the inaugural contest to 37 universities in ten provinces for the 8th edition in winter 2016. The 9th edition of the contest will take place from September 26, 2016, to December 2, 2016.
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, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear 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 (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
SOURCE TMX Group Limited
For further information: Mathieu Labrèche, Manager, Corporate Communications and Public Affairs, TMX Group, 416-947-4474, [email protected]