Interest Rate Options - Termination of Trading on Expiration Day

Montreal Exchange (the "Bourse") wishes to inform market participants that, in order to improve robustness of the Interest Rate Options markets, the following modification will take effect after market close on February 3rd, 2025.

Applicable to all Interest Rate Options products:

• Options on Three-Month CORRA Futures ("OCR")
• Options on Two-Year Government of Canada Bond Futures ("OGZ")
• Options on Five-Year Government of Canada Bond Futures ("OGF")
• Options on Ten-Year Government of Canada Bond Futures ("OGB")

Termination of trading on Expiry Day

• Change from 4:30 pm to 3:00 pm*. This change only applies on the Expiry Day of each Interest Rate Option contract. Options that have not reached their Expiry Day will continue to trade until the actual closing time of 4:30 pm.

*If the Expiry Day corresponds to an early close day, the Termination of trading will be 1:00 pm.

More information regarding Interest Rate derivatives, trading hours and stages can be found on the following links:

• Interest Rate Derivatives Product Page
• MX Trading hours and stages

All times mentioned are Eastern Time (ET).