Submitted by nsscadmin on
Our blog series on the stock market continues this week with a look at a different kind of exchange: the Montreal Exchange (MX). The MX is Canada’s oldest exchange, founded in 1874 when it was known as the Montreal Stock Exchange. It shorted its name in 1982 to the Montreal Exchange to better reflect the variety of financial instruments available to be traded in addition to stocks.
Following the reorganization of Canada’s financial markets in 1999, the purpose of the MX changed. The reorganization meant that the Toronto Stock Exchange was the only place to trade the stock of senior equities in Canada. The MX became Canada’s primary derivatives exchange for the trading of interest rate derivatives, equity derivatives, currency derivatives, index derivatives, and now, cryptocurrency derivatives. The full extensive list of products that can be listed and traded on the MX can be found on their website.
On December 10, 2007 the MX was purchased by the TSX Group to create the TMX Group Inc., which included the Toronto Stock Exchange, the TSX Venture Exchange, and the Montreal Exchange.
In our next part in this series we’ll look at the CBOE Canada Exchange.