Montréal Exchange - Extended Hours

More time.
More opportunities.

Find out how MX extended trading hours can help investors diversify portfolios and manage risk.

Start your Canadian trading day earlier with new extended hours

As capital markets become more globally connected, institutional investors want the availability of round-the-clock trading to better manage risk and diversify their portfolios. In 2018, Montréal Exchange (MX) extended trading hours to meet demand for Canadian derivatives from investors in Europe. Later this year, MX will also start offering investors in Asia Pacific an opportunity to trade Canadian listed derivatives in their local time.

With extended trading hours, investors can better hedge and manage risk while executing cross-market strategies almost 24 hours a day. They can also benefit from enhanced market liquidity, greater price transparency and frictionless trading on a global marketplace. That's the MX advantage.

Extended hours for frictionless trading on a global marketplace

ALMOST

24h

A DAY

Why Trade on Montréal Exchange

Montréal Exchange allows investors access to exchange-traded derivatives in Canada, supported by its proprietary trading technologies and clearing infrastructure. Its trading solutions help investors focus on margin optimization and risk management, meeting increasing demand for capital efficiency.

By extending trading hours on MX, international investors can capitalize on frictionless trading and portfolio diversification opportunities almost 24 hours a day.

Key Features

Trade Efficiently

Make swift changes to duration profiles in local time through a fully electronic platform.

Hedge Risk

Use Canadian fixed income and index futures to execute relative value trades against other yield curves and global indices.

Access Value

Profit from changes in the Canadian yield curve and reduce execution risk through listed fixed income curve strategies.

Gain Exposure

Access cost-effective, synthetic exposure to Canadian fixed income or equity markets using futures.

Deploy Leverage

Employ exchange-traded derivatives to achieve yield enhancement.

Trading Hours

Our extended trading hours will provide investors more opportunities to trade Canadian derivatives, hedge risk and optimize portfolios, in their local time and when it's convenient for them.

Investors from around the world can begin trading on the Montréal Exchange at the same time as their local exchange hours:

SINGAPORE / HONG KONG FROM 9:00 a.m. Local Time (Coming Soon)
SEOUL / TOKYO FROM 9:00 a.m. Local Time (Coming Soon)
SYDNEY FROM 10:00 a.m. Local Time (Coming Soon)
LONDON / FRANKFURT FROM 8:00 a.m. Local Time

Interested in Learning More?

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Products

Interest Rate Derivatives

CRA – Three-Month CORRA Futures BAX – Three-Month Canadian Bankers' Acceptance Futures OBX – Options on Three-Month Canadian Bankers' Acceptance Futures CGZ – Two-Year Government of Canada Bond Futures CGF – Five-Year Government of Canada Bond Futures CGB – Ten-Year Government of Canada Bond Futures LGB – 30-Year Government of Canada Bond Futures OGB – Options on Ten-Year Government of Canada Bond Futures

Index Derivatives

SXF – S&P/TSX 60 Index Standard Futures SXM – S&P/TSX 60 Index Mini Futures SEG – S&P/TSX 60 ESG Index Futures SDV – S&P/TSX 60 Dividend Index Futures SMJ – S&P/MX International Cannabis Index Futures SCF – S&P/TSX Composite Index Mini Futures SXA, SXB, SXH, SXK, SXU, SXY – Sector Index Futures

Services

Montréal Exchange offers the same level of services and trading experience for the full length of the trading day, regardless of the time, including continuous support (trading and connectivity).

Trading

Electronic access

Crosses & prearranged transactions

Block trades

Block trades priced at a Basis to Index Close (BIC)

Exchange for Physical (EFP) / Exchange for Risk (EFR)

Basis Trade on Close (BTC)

Clearing

The Canadian Derivatives Clearing Corporation (CDCC) has developed a robust and flexible clearing framework to support the extension of trading and clearing hours. In line with Principles for Financial Market Infrastructures (PFMI) requirements for central clearing counterparties (CCPs) and with the objective of providing mutual protection to all CDCC clearing members, the proposed risk model aims to monitor the build-up of risk overnight and offers different options for clearing members for how to manage this risk overnight. For more details on the clearing solutions, view the CDCC FAQ.

Details on Extended Trading Hours

Montréal Exchange Circular 135-20
Request for comments - Amendments of the Rules of the Bourse to accommodate the extension of the Bourse's trading hours

Montréal Exchange Circular 024-21
Asian trading hours initiative launch date announcement

Contact

For more information, contact our institutional sales team at irderivatives@tmx.com or equityderivatives@tmx.com.