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MX and OIC Announce Initiative for Equity Options Education
Montréal and Chicago—April 3, 2008
Montréal Exchange Inc. (MX) (TSX: MXX) and The Options Industry Council (OIC), a world leader in options education based in Chicago, announced today that they will undertake cooperative efforts to help Canadian investors learn about equity options and accelerate the growth of the options market in Canada.
“We are enthusiastic about joining forces with OIC,” said Luc Bertrand, President and CEO of MX. “We have been engaged in Canadian options education and training for years. OIC has set high standards of investor education in the United States, one of the world’s fastest growing and largest equity options markets. MX experts will leverage OIC knowledge and expertise to accelerate the diffusion of options knowledge in Canada.”
The MX delivers hundreds of seminars on financial derivatives to Canadian investors every year.
“OIC has been providing investor education for more than 15 years because options are a powerful tool for investors’ portfolios when used properly. This investment in education has returned dramatic growth in trading volume,” said Gina McFadden, President of OIC. “We are very pleased to work with the Montréal Exchange to further our educational efforts. Our markets have long been closely linked, both in terms of the product and investor interest.”
“We want to help Canadians discover the investment opportunities provided by exchange-traded options,” Mr. Bertrand added. “Our shared goal is to continue developing financially sound and efficient options markets in North America where investors can hedge risk and find opportunities to profit from market fluctuations,” Mr. Bertrand noted.
MX and OIC are planning initiatives to include a series of educational events and presentations in major Canadian cities that will introduce leading equity options experts to audiences of interested Canadian investors. The first presentations are scheduled for Saturday, April 5 in Calgary, and Sunday, April 6 in Edmonton, from 8:30 a.m. to 4:30 p.m. These sessions include a full education day on options that will cover basic, intermediate and advanced options strategies.
About the Montréal Exchange
The Montréal Exchange (MX) is the Canadian derivatives exchange. The MX offers trading in Canadian interest rate, index and equity derivatives. Clearing, settlement and risk management services are provided by an AA rated clearing house, the Canadian Derivatives Clearing Corporation, fully owned by the MX. Our integrated trading and clearing services are supported by a proprietary suite of exchange technologies, known as SOLA®. The MX also has interests in: the Boston Options Exchange (BOX), a U.S. automated equity options market, for which MX is the technical operator; the Canadian Resources Exchange (CAREX), a new corporation created with NYMEX that is dedicated to developing the Canadian energy market; and the Montréal Climate Exchange (MCeX), a joint venture with the Chicago Climate Exchange®, aiming to establish the leading market for publicly traded environmental products in Canada. For more information about the Montréal Exchange, please visit www.m-x.ca.
About The OIC
OIC is an industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NYSE Arca, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational Web sites at www.optionseducation.org and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
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