April 4, 2023Advisory Notice A23-004
Activation of New Market Order Type with protection
Pursuant to Circular 049-23 and Circular 061-23, The Montreal Exchange wishes to announce that effective Sunday April 23rd 2023, the Market Order with Protection will be activated on BAX Futures, CGB Futures, SXF Futures and their Intra Group Calendar Spreads.
Rollout Timeline
|
GTE Availability |
Prod Activation |
|
Monday, March 20th, 2023 |
Sunday April 23rd, 2023 |
The Exchange"s defined Protection bands will be:
|
Three-Month Canadian Bankers' Acceptance Futures (BAX) |
|
|
Six (6) nearest contract months (two (2) nearest non quarterlies and four (4) nearest quarterlies) |
0.015 outrights, strategies, and spreads |
|
All other contract months |
0.03 outrights, strategies, and spreads |
|
Ten-Year Government of Canada Bond Futures (CGB) |
|
|
All contract months |
0.16 outrights (0.08 spreads) |
|
S&P/TSX 60 Index Standard Futures (SXF) |
|
|
All contract months |
1.00 outrights (0.50 spreads) |
All additions and updates to the new Market Order type with protection shall be published and maintained in the Exchange Market Thresholds and Controls section of our webpage.
For additional information on this notice, or if you require technical assistance, please contact the Market Operations' desk.
Market Operations
Toll-free: 1-888-693-6366
Local: 514-871-7871
Email: Monitoring@tmx.com