Online tool helps first-time users navigate options trading
MONTRÉAL, Sept. 10, 2012 /CNW/ - Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Ltd. and Canada's derivatives exchange, today announced the launch of its options trading simulator.
The virtual trading platform is an online and smartphone-compatible tool that enables individual investors to execute options trading strategies, enhancing their knowledge of both options and market dynamics. A tutorial for first-time users is available.
"We are extremely proud to launch this options trading simulator for the Canadian market," said Alain Miquelon, President and CEO, Montréal Exchange. "We want to encourage investors of all levels, including students, to learn more about the derivatives market and to look to MX as the centre of excellence of these highly specialized products."
The online tool will also be used for the MX Options Trading Simulation program - one of MX's educational initiatives that was announced in February 2012. This program allows student teams from seven universities in Quebec to create and trade a virtual portfolio of $100,000. Students are provided with an educational presentation prior to the contest, which runs for nine trading weeks beginning on October 1, 2012. The winning team will have accumulated the best return while respecting the mandatory components and will receive a $10,000 prize from the MX.
For more information about the options trading simulator or to create an account, individual investors can visit m-x.ca/optionsimulator.
About TMX Group
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, 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: TSX Group Inc.
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Manager, Corporate Communications