Montreal Exchange in negotiations to increase ownership in BOX to a maximum of 53%

    MONTREAL, Oct. 2 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX: MXX)
announced today that it is engaged in negotiations aimed at increasing its
ownership position in the Boston Options Exchange (BOX) from 31.4% to a
maximum of 53.2%, subject to regulatory approval by the United States
Securities and Exchange Commission (SEC).
    MX had previously intended to increase its participation in BOX to 44.7%,
following an agreement to purchase a 13.3% stake signed in August 2006 with
the Boston Stock Exchange (BSE). The current intention is to acquire the
entire 21.9% partnership interest in BOX held directly and indirectly by the
    Earlier in the day NASDAQ announced its intention to acquire the BSE,
which is currently a partner in BOX. It should be noted that the regulation of
the BOX market will continue without interruption.
    With the completion of the transaction, the BOX partners will be MX,
Citadel, Citigroup, Credit Suisse First Boston, Interactive Brokers,
JP Morgan, Morgan Stanley and UBS.
    MX became a founding partner and technical operator of BOX in 2002. BOX
launched operations in February 2004 with a fully automated trading platform.
BOX is recognized as one of the most technically advanced equity options
exchanges competing in the US market.

    About Montreal Exchange Inc.

    The Montreal 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 Montreal 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: Lise Tessier, (514) 871-2424 ext. 412; Jean
Charles Robillard, (514) 871-3551 (after October 8, 2007)

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