Margins are collected daily or more frequently during periods of high market volatility. The risk assessment is based on a set of well-defined criteria established by CDCC. CDCC requires each clearing member to maintain margin deposits to cover the risk associated with each participant’s position. CDCC also clear over-the-counter financial instruments through its Converge clearing service. This model ensures execution of client orders on a “first-in, first-out” basis and at the best price.Ĭlearing services The Canadian Derivatives Clearing Corporation (CDCC) acts as the central clearing counterparty for exchange-traded derivatives instruments listed on the Montréal Exchange. MX’s trading market model comprises all the features that are highly valuable to users: direct access, transparency, fairness and speed. Our futures and options products cover major asset classes, including: interest rates with a time horizon of one day to 30 years, equities, FX, and Canadian stock indices. Today, MX is the majority shareholder in the Boston Options Exchange and, through our SOLA software products, MX operates EDX London, Oslo Børs and IDEM (the Italian Derivatives Exchange Market).įinancial derivatives market MX operates two different markets, a futures market and an options market. Years later, we established a major futures market. In 1975, MX changed the Canadian financial environment through the introduction of equity options. The Montréal Exchange The Montréal Exchange (MX), part of TMX Group, has leadership in three areas of finance: financial derivatives markets, clearing services and IT business solutions. Montréal Exchange CDCC Montréal Climate Exchange Toronto Stock Exchange TSX Venture Exchange TMX Select Equicom
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