QUICK LINKS
TRADING TOOLS
AFFILIATED SITES
OGBTM – Options on Ten-Year Government of Canada Bond Futures
Trading Unit
 
One Ten-Year Government of Canada Bond Futures (CGB).
Contract Months
 
March, June, September and December, plus monthly options contracts based on the next quarterly futures contract that is nearest to the options contract.
Price Quotation
 
Quoted in points where each 0.005 point (0.5 basis point) represents C$5.
Last Trading Day/Expiration
 
Trading ceases on the 3rd Friday of the month preceding the options contract month provided, however, that such Friday is a business day and precedes by at least 2 business days the 1st notice day of the underlying futures contract.
Contract Type
 
American style
Price Fluctuation
 
0.005 = C$5
Strike Prices
 
Set at a minimum of 0.5 point intervals per Ten-Year Government of Canada Bond Futures
Reporting Limit
 
250 options or futures equivalent contracts. For the purpose of calculating the reporting limit, positions in the options contracts are aggregated with positions in the underlying futures contracts. For aggregation purposes, the futures equivalent of one in-the-money option contract is one futures contract and the futures equivalent of one at-the money or out-of-the-money option contract is half a futures contract.
Daily Price Limit
 
None
Trading Hours (Montréal time)
 
  • Early session: 6:00 a.m. to 8:05 a.m.
  • Regular session: 8:20 a.m. to 3:00 p.m.
  • Extended session*: 3:06 p.m. to 4:00 p.m.
* There is no extended session on the last trading day of the expiring contract month.
 
Note: During early closing days, the regular session closes at 1:00 p.m., time at which the daily settlement price is established. In those circumstances, the extended session is from 1:06 p.m. to 1:30 p.m.
 
OGBTM is a trademark of Bourse de Montréal Inc.