Popular options trading simulation contest kicks off today
MONTRÉAL, Sept. 29, 2014 /CNW/ - Montréal Exchange Inc. (MX), Canada's derivatives exchange, today marked the launch of trading in its Options Trading Simulation contest.
A key part of MX's derivatives education initiatives, the Options Trading Simulation contest offers undergraduate university students the opportunity to gain virtual experience in the Canadian options market. Using the TMX Trading Simulator, student teams create their own options portfolios and deploy various mandated trading strategies over the course of the eight week session. For this fall's session, the fifth edition of the contest, participation levels continued to grow across the country with close to 1,800 teams registered, a 50% increase from this year's spring session. Over 2,800 students from a total of 36 Canadian universities are competing for $17,500 in prizes. Several universities now also include the contest in their derivatives curricula and on-campus investment clubs.
"We are very proud of the national success of our educational initiatives," said Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives Markets, TMX Group. "The Options Trading Simulation contest is helping to demystify derivatives trading and enable the next generation of professional and non-professional Canadian investors to better manage their portfolios."
The Options Trading Simulation contest runs from September 29, 2014 to November 21, 2014. For more information please visit www.m-x.ca/sim. The TMX Trading Simulator is featured on the TMX Capital Markets Learning Centre website at www.tmx-edu.com.
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.
SOURCE: TMX Group Inc.
For further information: Shane Quinn, Senior Manager, Communications and Public Affairs, TMX Group, 416-947-4609, [email protected]