Montreal Exchange Inc. has introduced a new Mini Futures Contract on the S&P/TSX Composite Index, the TMX Group Inc. announced Tuesday.

TMX Group says the introduction of this new contract expands the product line of index futures contracts offered on the MX to include a smaller contract size, thus providing more diverse trading opportunities for portfolio managers, individual investors and market participants.

The S&P/TSX composite index is the benchmark index of the Toronto Stock Exchange and the principal broad market measure for Canadian equity markets.

“Listing Mini Futures Contracts on the S&P/TSX Composite Index sets another milestone in our 2009 product initiatives,” says Alain Miquelon, executive vice president and COO, MX. “These new products will significantly broaden the choice of strategic solutions available to our clients for their wide-ranging investment and risk management requirements, and will play an important role in the development of the Canadian futures market.”

The ticker symbol of new the contract is
is SCF.

In April, MX reactivated its Five-Year Government of Canada Bond Futures Contracts to offer full product coverage across the yield curve. MX also recently introduced implied pricing for the Three-Month Canadian Bankers’ Acceptance Futures Contracts.

IE