Montreal Exchange Inc. (MX), a wholly owned subsidiary of TMX Group and Canada’s derivatives exchange, announced Friday that it will raise position limits for equity and exchange-traded fund options, effective immediately.

“This is a very important development in line with MX’s strategy to grow the Canadian options market,” said Alain Miquelon, president and CEO.

“This change makes the market more attractive to large institutional investors and encourages them to trade on MX, 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

MX is a wholly owned subsidiary of TMX Group Ltd. (TSX:X).