Canadian Derivatives Exchange*

Historical Highlights

The Exchange's offices and markets are closed today, September 1, 2014 (Labour Day).

2014 – 2010

2012

Overnight index swap futures (OIS) are introduced on February 24th.

MX opens its office in New York.

2011

Mini futures contracts on the S&P/TSX 60 index are listed in May.

MX opens an office in London, UK.

2010

Canadian heavy crude oil differential price futures (WCH) are listed in June.

2009 – 2000

2009

Five-year Government of Canada bond futures (CGF) are relisted in April.

S&P/TSX CompositeTM index mini futures (SCF) are listed in May.

2008

TMX Group Inc. was created in May following the combination of Montréal Exchange Inc. and TSX Group Inc.

Futures contracts on Canada carbon dioxide equivalents (CO2e) units (MCX) are listed on the Montréal Climate Exchange in May.

2007

The common shares of MX commenced trading on the Toronto Stock Exchange under the symbol "MXX" on March 27, 2007.

30-year Government of Canada bond futures – LGBTM are listed in November.

2006

Creation of the Montréal Climate Exchange (MCeX). The Montréal Exchange establishes new business venture, sets trading records and takes decision to list its shares.

2005

The Montréal Exchange, official sponsor of the XI FINA World Championships   Montréal 2005.

Currency Options are listed in September. The first contract to be listed is on the US dollar – USXTM.

In December, MX introduces SOLA®. MX becomes a "pure play" derivatives exchange with integrated control of trading, clearing and trading technology.

On December 7, MX and the Chicago Climate Exchange announce the signing of a Letter of Intent to develop a new joint venture to create the Montréal Climate Exchange, a Canadian environmental products market.

2004

On February 6, MX launches the commercial activities of the Boston Options Exchange (BOX) in the United States. MX becomes the only foreign exchange to be approved by the SEC as technical operator of a US options exchange.

Two-year Government of Canada bond futures – CGZTM are listed in April.

In July, MX and Oxen Inc. form an agreement to develop energy clearing services.

On August 12, MX announces that it has agreed to connect to Trading Technologies' X_Trader® order entry platform. It is the first exchange to write to TT's FIX Gateway; trading to commence in Q4 2004.

2003

Options on Barclays iUnits Sector Funds [energy (XEG), gold (XGD), financial services (XFN), information technology (XIT)] are listed in April.

On December 4, the Exchange is awarded the Grand Prize for the best Financial Website in the 2003 Boomerang competition. This competition recognizes Quebec's best practices in the field of interactive communications.

2002

Sponsored Options are listed in January. The first approved sponsor is Société Générale.

Sectorial futures – SXATM, SXBTM, SXHTM, SXYTM are listed in April for the following sectors of the Canadian economy: financial services, information technology, gold and energy.

30-Day Overnight Repo Rate Futures – ONXTM are listed in June.

On October 28, two new options strategy indices are introduced: the MX Covered Call Writers' index and the MX Covered Straddle Writers' index.

The Exchange continues to expand to global liquidity centres. MX connects foreign market participants, giving electronic access to its trading platform.

2001

On January 29, the SXFTM is transferred on SAM.

Single stock futures are listed in January.

On April 18, the Exchange launches the Derivatives Institute. This training centre dispenses courses on derivative instruments.

On July 16, the SXOTM is transferred on SAM.

On October 1, the Exchange ceases trading junior listings.

The Exchange completes its automation process. The Montréal Exchange becomes first traditional exchange in North America to be fully automated.

2000

Options on iUnitsTM S&P®/TSXTM 60 Index Participation Fund (XIU) are launched in February.

Equity options still traded on the Toronto Stock Exchange are transferred on the Floor of the Exchange on March 27.

On September 25, the CGBTM, CGFTM and OGBTM are transferred on the new Montréal Exchange's electronic trading platform SAM (Montréal Automated System).

The Montréal Exchange transforms itself into a private, shareholder-owned corporation and takes action to become full owner of its clearing house.

On December 11, the BAXTM and OBXTM are transferred on SAM.

1999 – 1990

1999

The Montréal Exchange celebrates its 125th anniversary.

Futures contracts (SXFTM) and options contracts (SXOTM) on the S&P/TSX 60 index are listed in September.

Reorganization of the Canadian securities markets. The Montréal Exchange becomes Canada's financial derivatives exchange.

The Montréal Exchange joins the GLOBEX® Alliance, the first international electronic trading network in financial futures products.

1998

The electronic trading platform NSC-VF allows the BAXTM contract to be traded during European hours (2 a.m. to 7 a.m. Montréal time. This trading session is created only for London-based (Great Britain) members of the Montréal Exchange.

1997

The "circuit-breaker" policy is enforced for the first time on October 19. Adopted by all Canadian and American exchanges, this measure allows an exchange to temporarily suspend trading should the Dow Jones index drop more than 10%.

1996

The electronic platform ETA (Exchange Trading Access) is launched, which makes direct access to several foreign exchanges possible.

The Montréal Exchange's website is launched.

1995

Five-year Government of Canada bonds futures contracts – CGFTM are listed in January.

1994

Options on the three-month Canadian bankers' acceptance futures contracts – OBXTM are listed in April.

1992

One-month Canadian bankers' acceptance futures contracts – BARTM are listed in April.

Long-term stock options are listed in September.

New stock derivatives PEACs and SPECs are listed exclusively on the Montréal Exchange in December.

Adoption of a new retail order policy that guarantees the best price on the Canadian markets.

1991

The "Montréal-by-Price" quote service is launched in January, which provides traders with such vital additional information as the total number of orders and the total volume of the five best bids and asks for each issue in the Book.

Options on the ten-year Government of Canada bond futures contracts – OGBTM are listed in March.

The first convertible debenture is listed in April.

In June, the Montréal Exchange becomes the first exchange in North America to extend its trading hours – opening earlier and closing later than the traditionally prescribed business hours.

1990

The Electronic Order Book is successfully incorporated into equity trading on the Floor of the Exchange.

1989 – 1970

1989

Ten-year Government of Canada bond futures contracts – CGBTM are listed in September.

1988

Three-month Canadian bankers' acceptance futures contracts – BAXTM are listed in April.

1987

The XXM index falls 300 points during the October 19 market correction.

1986

The number of new listings at the Montréal Exchange sets a new record: 177 companies are added to the list, including 123 public offerings under the Quebec Stock Savings Plan (QSSP).

1984

XXM, the Canadian Market Portfolio index, is introduced.

The first Canada-United States exchange-trading link is established, between the Montréal and Boston Exchanges.

A system of market specialists is set up to ensure sufficient liquidity and to help maintain a fair and organised marketplace.

1983

MORRE (The Montréal Exchange Registered Representative Order Routing System) is launched.

1982

The Montreal Stock Exchange officially changes its name to Montréal Exchange to reflect the growing importance of financial instruments other than stocks – primarily options and futures – on its trading floor.

1977

Trans Canada Options Inc. (Canada's clearing corporation for securities and options) is created. Today, it is called the Canadian Derivatives Clearing Corporation (CDCC).

1975

The Montreal Stock Exchange is the first exchange in Canada to offer stock options.

1974

As the first event of its centennial year, the Montreal Stock Exchange merges with the Canadian Stock Exchange.

1969 – 1900

1965

The Montreal Stock Exchange moves to its current premises in the Exchange Tower at Victoria Square – touted then as the world's most modern exchange.

1953

The "Montreal Curb Market" changes its name to Canadian Stock Exchange.

1929

The Exchange weathers the effects of the Wall Street market crash on October 24; a record number of 382,520 shares are sold on that day. After the crash, a ticker linking Montréal and New York is installed.

1926

The "Montreal Curb Market" is created for trading in speculative and junior stocks. Once to maturity, they are transferred to the Montreal Stock Exchange.

1920

The war over, the Exchange grows rapidly. The total annual volume traded exceeds 3 million shares.

1914

At the onset of World War I, 109 companies are listed on the Montreal Stock Exchange and 10,000 shares are traded daily.

1904

The Exchange moves into its own building, at 453 St. François-Xavier Street in Old-Montréal. This building was designed by the American architect George B. Post who also designed the New York Stock Exchange building. The Montréal building is home to the Centaur Theatre.

1899 – 1832

1883

The Exchange moves to the Commodities Exchange building on St. Sacrament Street. Trading hours are from 10:45 a.m. to 3:00 p.m.

1874

The Montreal Stock Exchange is established under Charter, after more than 40 years of informal trading, primarily in railroad and bank securities. D. Lorn MacDougall is elected first Chairman of the Governing Committee.

1849

The first Brokers' Association whose members trade securities and commodities is set up in Montréal.

1832

The first stock transactions in Montréal take place at the Exchange Coffee House.