With plans to extend its trading hours further into the Asian trading day, the Bourse de Montréal Inc. (MX) is seeking feedback on market making during the new session.
In a notice, the MX is calling for industry input on four proposed new market making programs for trading during extended hours, from 8 p.m. to 2 a.m. ET.
The exchange is asking for comment on the design of a potential market marking program, and an indication of the type of market that firms could make (size and spread) “with the ultimate goal to foster and promote market liquidity during the Asian trading hours,” it said.
The asset categories covered during the extended session will include three-month Canadian Bankers’ Acceptance futures, five- and 10-year government of Canada bond futures, and S&P/TSX 60 index futures.
Feedback is sought by March 1.
“This initiative is in line with the Bourse’s mission to be a client focused and globally recognized leading derivatives exchange, as it will allow domestic and international clients to manage their exposure to Canadian markets during non-regular Canadian business hours,” the MX said in the notice.