100 shares of companies eligible for option listing.

Listing under short cycle (the next three consecutive calendar months). Equity options classes will move from the short cycle
to the regular full cycle depending on a daily average volume.

Regular full cycle: two nearest months plus two quarterly months as defined in the expiry cycle (.pdf). Annual expiry of January for terms of one year or greater (long term).

Quoted in Canadian currency.

Equity options trading ceases on the 3rd Friday of the contract month, providing it be a business day; if not, the 1st preceding day. Options will expire on the Saturday following the last trading day.

American style. Exercise is carried out via the Canadian Derivatives Clearing Corporation (CDCC) and delivery is carried out via the CDS Clearing and Depository Services Inc., on the 3rd business day following the exercise date.

• Minimum fluctuations of C$0.01 for option price lower than C$0.10.
• Minimum fluctuations of C$0.05 for option price equal or higher than C$0.10.

The premium per contract is obtained by multiplying the quote by 100 (ex.: quote of C$2.75 X 100 = C$275). Since July 27, 2007, certain options classes are subject to new minimum quotation spreads. For more information on penny trading, refer to circular 048-11.

5 exercise prices bracketing the current underlying market price.

250 option contracts.

A trading halt will be invoked in conjunction with the triggering of "circuit breakers" in the underlying.

9:35 a.m. to 4:00 p.m.