MONTREAL, Dec. 14 /CNW Telbec/ - Montréal Exchange Inc. (MX) (TSX: MXX)
responded today to unfounded allegations of insider trading in respect of
certain of its officers and directors.
At the time the transactions took place, MX was not in discussions or
negotiations with any party in respect of a merger or other transaction.
Furthermore, the transactions took place between fully informed insiders;
therefore, no insider trading was possible.
The transactions in question occurred on August 2, 2007 and related to
the purchase of MX shares by certain insiders of MX, including Mr. Jean
Turmel, the Chairman of MX, and Mr. Luc Bertrand, the CEO of MX, from two
other executives and insiders of MX, who had announced their departure from
the company. The transactions were duly executed.
About Montréal Exchange Inc.
The Montréal Exchange (MX) is the Canadian 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: Jean Charles Robillard, (514) 871-3551,