Montréal Exchange: Clarifications on stock index futures

    MONTREAL, Aug. 15 /CNW Telbec/ - The Montréal Exchange (TSX: MXX) is
issuing the following clarifications regarding its stock index futures.
    The Exchange holds a license from Standard and Poor's to use the
S&P/TSX 60 Index as a support for futures contracts (SXF) and options until
June 2009. The Exchange continues to develop these contracts which represented
6% of its total revenues for the first half of 2007.
    The Exchange would like to reiterate that the success of a futures
contract depends primarily on the quality of the trading and clearing
services, the market model and its regulatory framework, the level of
liquidity and open interest reached and the critical mass of domestic and
foreign participants.
    In light of the announcement made this morning regarding the agreement
between TSX and S&P, the Exchange is examining all of its options regarding
the period subsequent to June 2009 and will continue to act, in close
cooperation with market participants, in the interest of the Canadian capital
market development.

    About Montréal Exchange Inc.

    The Montréal Exchange (MX) is Canada's financial 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: Philippe Loumeau, (514) 871-3519; Alain
Miquelon, (514) 871-3525

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The Montreal Exchange

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