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  • Montréal Exchange - Equity Options
    options Options on ETFs Weekly options Currency derivatives USX Index derivatives EMF SXO SXF SXM SCF SXJ SXV SXA SXB SXH SXK SXU SXY Interest rate derivatives BAX OBX ONX OIS CGZ CGF CGB LGB OGB Useful Documents Expiry cycles Equity options reference manual Equity options tax regime Market makers Implied pricing for options Useful Links Guides and strategies Equity options list m x tv Options blog Underlying issues Shares of eligible stock subject to eligibility criteria set by the Canadian Derivatives Clearing Corporation CDCC Eligibility criteria Underlying issues must meet stringent eligibility requirements including sufficient liquidity and market capitalisation Trading unit One contract represents 100 shares may be adjusted for stock splits distributions etc Expiry cycle At a minimum the two nearest expiries plus the next two quarterly expiries as defined in the expiry cycle Annual expiry of January for long term options Minimum fluctuation of the option premium Options priced below C 0 10 C 0 01 Options priced at C 0 10 or more C 0 05 The premium per contract is obtained by multiplying the quote by 100 e g quote of C 2 75 100 C 275 For more information on penny trading refer to circular 021 16 Strike prices At a minimum five strike prices bracketing the current underlying issue s market price Contract type American style Last trading day The third Friday of the contract month provided it is a business day If it is not a business day the first preceding business day Expiration day The last trading day of the contract month Position reporting threshold 250 option contracts Position limit Information on position limits can be obtained from the Bourse as they are subject to periodic changes See Circulars Price limit A trading halt will be invoked in conjunction with the

    Original URL path: http://bdm.org/produits_options_actions_en.php (2016-04-30)
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  • Montréal Exchange - Options on Exchange-Traded Funds
    Exchange Traded Funds MX Products Equity derivatives Equity options Options on ETFs Weekly options Currency derivatives USX Index derivatives EMF SXO SXF SXM SCF SXJ SXV SXA SXB SXH SXK SXU SXY Interest rate derivatives BAX OBX ONX OIS CGZ CGF CGB LGB OGB Useful Documents Expiry cycles Market makers Implied pricing for options Useful Links ETF options list m x tv Options blog Underlying issues Units of an exchange traded fund subject to eligibility criteria set by the Canadian Derivatives Clearing Corporation CDCC Eligibility criteria Underlying issues must meet stringent eligibility requirements including sufficient liquidity and market capitalisation Trading unit One contract represents 100 units of an exchange traded fund may be adjusted for stock splits distributions etc Expiry cycle At a minimum the nearest three expiries plus the next two expiries in the designated quarterly cycle March June September December Annual expiry of March for long term options Minimum fluctuation of the option premium Options priced below C 0 10 C 0 01 Options priced at C 0 10 or more C 0 05 For more information on penny trading refer to circular 021 16 Strike prices At a minimum five strike prices bracketing the current underlying issue s market price Contract type American style Last trading day The third Friday of the contract month provided it is a business day If it is not a business day trading will cease on the first preceding business day Expiration day The last trading day of the contract month Position reporting threshold 500 contracts on the same side of the market in all contract months combined Position limit Information on position limits can be obtained from the Bourse as they are subject to periodic changes See Circulars Price limit A trading halt will be invoked in conjunction with the triggering

    Original URL path: http://bdm.org/produits_options_finb_en.php (2016-04-30)
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  • Montréal Exchange - Weekly Options
    Market makers Weekly option listings Available weekly options Implied pricing for options Useful Links Weekly options list m x tv Options blog Underlying issues Shares of eligible stock Units of eligible exchange traded funds Eligible for options listing as determined by the eligibility criteria determined by the Canadian Derivatives Clearing Corporation CDCC Eligibility criteria Underlying issues must meet stringent eligibility requirements including sufficient liquidity and market capitalisation Trading unit Multiplier One contract represents 100 shares may be adjusted for stock splits distributions etc One contract represents 100 units of an exchange traded fund may be adjusted for stock splits distributions etc Expiry cycle Contracts are listed for trading at the open on Thursdays provided it is a business day If it is not a business day listing will occur on the first preceding business day Minimum fluctuation of the option premium Options priced below C 0 10 C 0 01 Options priced at C 0 10 or more C 0 05 The premium per contract is obtained by multiplying the quote by 100 e g quote of C 2 75 100 C 275 For more information on penny trading refer to circular 021 16 Strike prices At a minimum five strike prices bracketing the current underlying issue s market price Contract type American style Last trading day The expiration day Expiration day Any of the five Fridays following the listing week of the option which is a business day but which is not an expiration day for any other options already listed on the same underlying If any such Friday is not a business day the expiration day is the first preceding business day that is not an expiration day for any other options already listed on the same underlying Position reporting threshold 250 option contracts 500 contracts on the

    Original URL path: http://bdm.org/produits_options_hebdo_en.php (2016-04-30)
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  • Montréal Exchange - Options on the US Dollar (USX)
    Currency derivatives USX Index derivatives EMF SXO SXF SXM SCF SXJ SXV SXA SXB SXH SXK SXU SXY Interest rate derivatives BAX OBX ONX OIS CGZ CGF CGB LGB OGB Useful Documents Expiry cycles Currency options reference manual Market makers Implied pricing for options Useful Links m x tv Options blog Underlying issues U S Dollar Trading unit One contract represents 10 000 U S Dollars Expiry cycle At a minimum the nearest three expiries plus the next two expiries in the designated quarterly cycle March June September December Annual expiry of January for long term options Premium quotation Option premiums are quoted in Canadian cents per unit of foreign currency For example a premium quotation of 0 75 Canadian cents for an option on the U S dollar represents an aggregate premium value of 0 75 Canadian cents US US 10 000 C 1 100 Canadian cents C 75 Aggregate premium value The aggregate premium value for a contract is the premium quotation multiplied by the trading unit of a contract Minimum price fluctuation tick size The minimum price fluctuation of the premium is 0 01 Canadian cent or a tick value of C 1 00 per unit of foreign currency That is 0 01 Canadian cent US US 10 000 C 1 100 Canadian cents C 1 00 Strike prices At a minimum five strike prices bracketing the current spot rate Contract type European style Last trading day Trading ceases at 12 00 p m on the third Friday of the contract month provided it is a business day If it is not a business day trading will cease at 12 00 p m on the first preceding business day Expiration day The last trading day of the contract month Final settlement price Cash settled The amount to

    Original URL path: http://bdm.org/produits_options_devises_en.php (2016-04-30)
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  • Montréal Exchange - FTSE Emerging Markets Index Futures (EMF)
    the FTSE Emerging Markets Index Futures contract value Expiry cycle March June September and December Price quotation Quoted in index points expressed to two decimals Minimum price fluctuation 0 05 index points for outright positions 0 01 index points for calendar spreads and block trades Contract type Cash settled in US dollars Last trading day Trading ceases at 4 15 p m on the third Friday of the contract month if the underlying index is published that day If it is not published that day trading will cease on the first preceding trading day for which the underlying index is scheduled to be published Expiration day Expiration occurs on the last trading day Final settlement day Final settlement occurs on the last trading day Final settlement price The final settlement price shall be determined on the last trading day by multiplying the official closing level of the FTSE Emerging Markets Index by the multiplier as stipulated above Position reporting threshold 1 000 contracts gross long and short in all contract months combined Position limit 50 000 contracts Minimum margin requirements Information on minimum margin limits can be obtained from the Bourse as they are subject to periodic changes See the Futures contracts margin rates page on the Regulatory Division website Trading hours 6 00 a m to 4 15 p m Clearing corporation Canadian Derivatives Clearing Corporation CDCC Trading procedures Daily settlement price procedures for futures contracts and options on futures contracts Procedures applicable to the execution of cross transactions and the execution of prearranged transactions Procedures applicable to the execution of block trades Procedures for the execution and reporting of exchange for physical EFP exchange for risk EFR and substitution of OTC derivative instruments for futures contracts transactions Procedures for the cancellation or adjustment of trades EMF TM is a trademark of Bourse de Montréal Inc Disclaimer Disclaimer Bourse de Montréal Inc has entered into a licence agreement with FTSE to be permitted to use the FTSE Emerging Markets Index that FTSE owns rights in in connection with the listing trading and marketing of derivative products linked to the FTSE Emerging Markets Index The FTSE Emerging Markets Index Futures are not in any way sponsored endorsed sold or promoted by FTSE or its licensors and neither FTSE nor any of its licensors a assume any liability or obligations in connection with the trading of any contract based on the FTSE Emerging Markets Index or b accept any responsibility for any losses expenses or damages arising in connection with the trading of any contract linked to the FTSE Emerging Markets Index FTSE is a trademark of the London Stock Exchange Group companies FTSE MAKES NO WARRANTY EXPRESS OR IMPLIED AS TO THE ACCURACY COMPLETENESS MERCHANTABILITY FITNESS FOR A PARTICULAR PURPOSE OR THE RESULTS TO BE OBTAINED BY ANY PERSON OR ANY ENTITY FROM THE USE OF THE FTSE EMERGING MARKETS INDEX ANY INTRADAY PROXY RELATED THERETO OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE TRADING OF ANY CONTRACTS OR

    Original URL path: http://bdm.org/produits_indices_emf_en.php (2016-04-30)
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  • Montréal Exchange - S&P/TSX 60 Index Options (SXO)
    instructions how to enable JavaScript in your web browser S P TSX 60 Index Options SXO MX Products Equity derivatives Equity options Options on ETFs Weekly options Currency derivatives USX Index derivatives EMF SXO SXF SXM SCF SXJ SXV SXA SXB SXH SXK SXU SXY Interest rate derivatives BAX OBX ONX OIS CGZ CGF CGB LGB OGB Useful Documents Expiry cycles Index derivatives reference manual Index futures and options Contract information Market makers Useful Links m x tv Options blog Options market implied pricing Underlying index The S P TSX 60 Index which is designed to represent leading companies in leading industries Market Capitalization Larger companies as measured by the float adjusted market capitalization are considered for the S P TSX 60 Index A company s float adjusted market capitalization is calculated by removing control blocks of 10 or more Multiplier C 10 per S P TSX 60 Index point Expiry cycle At a minimum the nearest three expiries plus the next two expiries in the designated quarterly cycle March June September December Annual expiry of December for long term options Minimum fluctuation of the option premium 0 01 index point C 0 10 per contract for premiums of less than 0 10 index points 0 05 index points C 0 50 per contract for premiums of 0 10 index points or more Strike prices At a minimum five strike prices bracketing the current underlying index s market price Contract type European style Last trading day The business day prior to expiration Expiration day The third Friday of the contract month provided it is a business day If it is not a business day expiration will occur on the first preceding business day Final settlement price Cash settled The final settlement price is the official opening level of the underlying

    Original URL path: http://bdm.org/produits_indices_sxo_en.php (2016-04-30)
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  • Montréal Exchange - S&P/TSX 60 Index Standard Futures (SXF)
    SXA SXB SXH SXK SXU SXY Interest rate derivatives BAX OBX ONX OIS CGZ CGF CGB LGB OGB Useful Documents Index derivatives reference manual Index futures and options Contract information SXF bochure Useful Link m x tv Underlying The S P TSX 60 Index which is designed to represent leading companies in leading industries Market Capitalization Larger companies as measured by the float adjusted market capitalization are considered for the S P TSX 60 Index A company s float adjusted market capitalization is calculated by removing control blocks of 10 or more Multiplier C 200 times the S P TSX 60 Index Standard Futures contract value Expiry cycle March June September and December Price quotation Quoted in index points expressed to two decimals Minimum price fluctuation 0 10 index points for outright positions 0 01 index points for calendar spreads Contract type Cash settlement The final settlement price is the official opening level of the underlying index on the final settlement day Last trading day Trading ceases on the trading day prior to the final settlement day Final settlement day The third Friday of the contract month provided it is a business day If it is not a business day final settlement will occur on the preceding business day Position reporting threshold 1 000 futures contracts standard and mini combined on the S P TSX 60 Index gross long and short in all contract months combined Position limit Information on position limits can be obtained from the Bourse as they are subject to periodic changes See Circulars Price limit A trading halt will be invoked in conjunction with the triggering of circuit breakers on the underlying issues Minimum margin requirements Information on minimum margin limits can be obtained from the Bourse as they are subject to periodic changes See the

    Original URL path: http://bdm.org/produits_indices_sxf_en.php (2016-04-30)
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  • Montréal Exchange - S&P/TSX 60 Index Mini Futures (SXM)
    SCF SXJ SXV SXA SXB SXH SXK SXU SXY Interest rate derivatives BAX OBX ONX OIS CGZ CGF CGB LGB OGB Useful Documents Strategy guide for SXM futures Index derivatives reference manual Index futures and options Contract information Useful Link m x tv Underlying The S P TSX 60 Index which is designed to represent leading companies in leading industries Market Capitalization Larger companies as measured by the float adjusted market capitalization are considered for the S P TSX 60 Index A company s float adjusted market capitalization is calculated by removing control blocks of 10 or more Multiplier C 50 times the S P TSX 60 Index Mini Futures contract value Expiry cycle March June September and December Price quotation Quoted in index points expressed to two decimals Minimum price fluctuation 0 10 index points for outright positions 0 01 index points for calendar spreads Contract type Cash settled The final settlement price is the official opening level of the underlying index on the final settlement day Last trading day Trading ceases on the trading day prior to the final settlement day Final settlement day The third Friday of the contract month provided it is a business day If it is not a business day final settlement will occur on the first preceding business day Position reporting threshold 1 000 futures contracts standard and mini combined on the S P TSX 60 Index gross long and short in all contract months combined Position limit Information on position limits can be obtained from the Bourse as they are subject to periodic changes See Circulars Price limit A trading halt will be invoked in conjunction with the triggering of circuit breakers on the underlying issues Minimum margin requirements Information on minimum margin requirements can be obtained from the Bourse as they

    Original URL path: http://bdm.org/produits_indices_sxm_en.php (2016-04-30)
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