Shares of the Montreal Exchange will begin trading March 27 on the Toronto Stock Exchange under the ticker symbol MXX, the MX announced Friday.

Also Friday, MX announced the creation, together with NYMEX Holdings, Inc. of Canadian Resources Exchange Inc. (CAREX), the new MX-NYMEX business venture dedicated to the Canadian energy market.

MX and NYMEX jointly funded CAREX with $4 million.

CAREX, a Canadian corporation, with its registered office in Montreal and its principal place of business in Calgary, will, in the coming months, offer trading and clearing services of Over-the-Counter and on-exchange futures and options contracts with financial or physical settlement relating to Canadian-based energy (including natural gas, heavy crude oil and power), metals and soft commodities.

In connection with the creation of CAREX, MX today closed the issuance and sale of 3,097,718.334 newly-issued common shares to NYMEX, representing 10% of MX’s outstanding share capital after giving effect to the issuance, at an all-cash price of $29 1/3 per share, for aggregate gross cash proceeds to MX of approximately $90.9 million.

MX placed the common shares in a private transaction.