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Montréal Exchange Raises Position Limits for Equity and ETF Options

April 12, 2013

April 12, 2013 (MONTRÉAL) – Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group and Canada's derivatives exchange, announced that it will raise position limits for equity and exchange-traded fund options, effective today.

"This is a very important development in line with MX's strategy to grow the Canadian options market," said Alain Miquelon, President and CEO, Montréal Exchange. "This change makes the market more attractive to large institutional investors and encourages them to trade on Exchange, rather than over the counter."

Criteria Old Position Limit New Position Limit
Up to 20 Million six month Volume or
Up to 15 Million six month Volume & 40 Million Shares Outstanding
13,500 25,000
Up to 40 Million six month Volume or
Up to 30 Million six month Volume & 120 Million Shares Outstanding
22,500 50,000
Up to 80 Million six month Volume or
Up to 60 Million six month Volume & 240 Million Shares Outstanding
31,500 75,000
Up to 100 Million six month Volume or
Up to 75 Million six month Volume & 300 Million Shares Outstanding
60,000 200,000
At least 100 Million six month Volume or
At least 75 Million six month Volume & 300 Million Shares Outstanding
75,000 250,000

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About TMX Group (TSX: X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at Follow TMX Group on Twitter at