Currency option contracts will be introduced Sept. 26 by the Montreal Exchange, the exchange has announced.

The first currency option contract to be listed will be the option on the U.S. dollar. The Bourse will assign approved participants to act as market makers on the USX.

It notes that call and put options on U.S. dollars are eligible for inclusion in RRSPs, RRIFs, RESPs and Deferred Profit Sharing Plans (DPSPs).

The USX cannot be offered in the U.S. since this is not a contract approved by the U.S. Securities and Exchange Commission. The Bourse has published amendments to its rules and contract specifications approved by the Autorité des marchés financiers regarding currency option contracts. The amendments to the rules will be effective Sept. 26.