The Montréal Exchange (MX) is Canada's oldest exchange, having first been established under legal charter in 1874 as the Montreal Stock Exchange after more than 40 years of informal trading, primarily in railroad and bank securities. The official name transition sought to reflect the growing importance of financial instruments other than stocks on its trading floor. Today, a wholly owned subsidiary of TMX Group, MX is a comprehensive electronic exchange dedicated to the growth of the Canadian derivative market, providing a vast range of risk management products and services to support and meet domestic and foreign retail and institutional investors needs.

A complete line of integrated services

As the only derivatives exchange in Canada, MX exerts its leadership in the following areas of expertise:

  • Financial derivatives markets
  • Canadian Derivatives Clearing Corporation services (CDCC)
  • Market Data & Analytics (TMX Datalinx)
  • Information technology solutions

Unique risk management products

The market for exchange-traded derivatives is one of the strongest segments of the broader financial risk management industry worldwide. MX offers individual and institutional investors, both in Canada and abroad, a wide range of risk management products for protecting their investments and ensuring growth.

MX currently lists:

Reliable, flexible and advanced trading technologies

Advanced electronic trading software plays a key role in the development of financial exchanges worldwide. MX markets are supported by reliable, flexible and advanced trading technologies. As a dynamic institution with a proven capacity to innovate, MX has developed and completed a proprietary "next generation" trading system called SOLA®.

Top-rated clearing services

MX clearing house, the Canadian Derivatives Clearing Corporation (CDCC), provides central counterparty clearing services to participants. CDCC, who rigorously manages risk exposures, continues to distinguish itself by upholding a top investment rating and a strong reputation. In addition to clearing solutions for listed derivatives, CDCC completed regulatory rule changes allowing the clearing house to offer risk management services to partners in the over-the-counter (OTC) market.

A growing number of market participants

MX market liquidity is on the rise. This growth is driven by the increased appetite of traders and investors from a growing list of countries for exposure to derivative instruments. More than 64 approved participants from London, New York, Chicago, and Montréal now connect directly to MX's electronic trading system.