Trading Hours & Holidays

Holidays

For additional information, please contact the General Secretariat and Legal Affairs department by email at legal@m-x.ca.

	Interest Rate Derivatives¹	Equity, Currency, ETF, Index Derivatives, Share Futures² and BTC
2021
December 24, 2021 Day preceding Christmas	Closing at 1:30 p.m.	Closing at 1:00 p.m.³
December 27, 2021 In Lieu of Christmas	Closed	Closed
December 28, 2021 In Lieu of Boxing Day	Closed	Closed
December 31, 2021 Day preceding New Year's Day	Closing at 1:30 p.m.	Regular schedule
2022
January 3, 2022 In Lieu of New Year's Day	Closed	Closed
February 18, 2022 Day preceding Family Day	Closing at 1:30 p.m.	Regular schedule
February 21, 2022 Family Day	Closed	Closed
April 14, 2022 Day preceding Good Friday	Closing at 1:30 p.m.	Regular schedule
April 15, 2022 Good Friday	Closed	Closed
May 20, 2022 Day preceding Victoria Day	Closing at 1:30 p.m.	Regular Schedule
May 23, 2022 Victoria Day	Closed	Closed
June 30, 2022 Day preceding Canada Day	Closing at 1:30 p.m.	Regular schedule
July 1, 2022 Canada Day	Closed	Closed
July 29, 2022 Day preceding Civic Holiday	Closing at 1:30 p.m.	Regular schedule
August 1, 2022 Civic Holiday	Closed	Closed
September 2, 2022 Day preceding Labour Day	Closing at 1:30 p.m.	Regular schedule
September 5, 2022 Labour Day	Closed	Closed
September 29, 2022 Day preceding National Day of Truth and Reconciliation	Closing at 1:30 p.m.	Regular schedule
September 30, 2022 National Day of Truth and Reconciliation	Closed	Regular schedule
October 7, 2022 Day preceding Thanksgiving Day	Closing at 1:30 p.m.	Regular schedule
October 10, 2022 Thanksgiving Day	Closed	Closed
November 10, 2022 Day preceding Remembrance Day	Closing at 1:30 p.m.	Regular schedule
November 11, 2022 Remembrance Day	Closed	Regular schedule
December 23, 2022 In Lieu of Day preceding Christmas	Closing at 1:30 p.m.	Regular schedule
December 26, 2022 In Lieu of Christmas	Closed	Closed
December 27, 2022 In Lieu of Boxing Day	Closed	Closed
December 30, 2022 In Lieu of Day preceding New Year's Day	Closing at 1:30 p.m.	Regular schedule
2023
January 2, 2023 In Lieu of New Year's Day	Closed	Closed

Interest rate derivatives: BAX, OBX, CGZ, CGF, CGB, LGB and OGB.
Equity, currency, ETF, index and share futures: Equity and currency options (US dollar), exchange-traded funds, index derivatives (SXF, SXM, SCF, SXA, SXB, SXH, SXY, SXK, SXU, SXO, SXJ and SXV) and share futures.
BTC: Basis trade on close closes at 12:30 p.m. on December 24, 2021.
Sector index futures close at 1:30 p.m. on December 24, 2021.

Please take note that early closings have no impact on the settlement and clearing of transactions. The daily settlement price will be determined based on the market activity at 1:00 p.m.

Trading Hours & Stages - Money Market Derivatives

All trading hours for products listed on SOLA are determined by the Montréal Exchange (MX). In the case of a modification to these trading hours or stages, MX will issue a circular describing the modification. All the trading hours mentioned below are in Eastern Time.

Pre-opening: Order entry, cancellation and modification permitted
No-cancellation: Order entry permitted; cancellation and modification not permitted
Opening: Order entry, cancellation and modification permitted
Closing: Order entry, cancellation and modification not permitted

Product	Pre-opening	No-cancel	Opening	Closing
BAX	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
OBW	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
OBX	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
OBY	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
OBZ	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
CRA	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
Strategies
BAX	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
OBW	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
OBX	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
OBY	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
OBZ	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
CRA	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**

* +/- 15 seconds
** During early closing days, money market derivatives close for trading at 1:30 p.m.
*** Random opening will no longer be supported for strategies.

Trading Hours & Stages - Bond Market Derivatives

Pre-opening: Order entry, cancellation and modification permitted
No-cancellation: Order entry permitted; cancellation and modification not permitted
Opening: Order entry, cancellation and modification permitted
Closing: Order entry, cancellation and modification not permitted

Product	Pre-opening	No-cancel	Opening	Closing
CGZ	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
CGF	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
CGB	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
LGB	5:30:00 a.m.	6:59:15 a.m.	7:00:00 a.m.*	4:30:00 p.m.**
OGZ	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
OGF	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
OGB	7:30:00 p.m.	7:59:15 p.m.	8:00:00 p.m.*	4:30:00 p.m.**
Strategies
CGZ	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
CGF	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
CGB	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
LGB	5:30:00 a.m.	6:59:15 a.m.	7:00:15 a.m.***	4:30:00 p.m.**
OGZ	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
OGF	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**
OGB	7:30:00 p.m.	7:59:15 p.m.	8:00:15 p.m.***	4:30:00 p.m.**

* +/- 15 seconds
** During early closing days, bond market derivatives close for trading at 1:30 p.m.
*** Random opening will no longer be supported for strategies.

Trading Hours & Stages - Index Derivatives

Pre-opening: Order entry, cancellation and modification permitted
No-cancellation: Order entry permitted; cancellation and modification not permitted
Opening: Order entry, cancellation and modification permitted
Closing: Order entry, cancellation and modification not permitted

Product	Pre-opening	No-cancel	Opening (early session)	Pre-opening	No-cancel	Opening (regular session)	Closing
SXF	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXM	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SDV	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SEG	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SCG	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SCF	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXA	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXB	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXH	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXY	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXK	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXU	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
BSF	7:30 p.m.	7:59 p.m.	8:00 p.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
Strategies
SXF	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXM	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SDV	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SEG	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SCG	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SCF	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXA	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXB	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXH	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXY	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXK	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.
SXU	7:30 p.m.	7:59 p.m.	8:00 p.m.	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:30 p.m.

* A trading range of -5% to +5% (based on previous day's settlement price) for index futures has been established for the early session only.

Product	Pre-opening	Opening	Closing
SXO	5:30 a.m.	9:31 a.m.	4:00 p.m.
SXJ	5:30 a.m.	9:31 a.m.	4:00 p.m.
SXV	5:30 a.m.	9:31 a.m.	4:00 p.m.

Trading Hours & Stages - Equity Derivatives

Pre-opening: Order entry, cancellation and modification permitted
No-cancellation: Order entry permitted; cancellation and modification not permitted
Opening: Order entry, cancellation and modification permitted
Closing: Order entry, cancellation and modification not permitted

Product	Pre-opening	Opening	Closing
Equity Options	5:30 a.m.	9:30 a.m.*	4:00 p.m.
ETF Options	5:30 a.m.	9:30 a.m.*	4:00 p.m.
Strategies
Equity Options	5:30 a.m.	9:35 a.m.*	4:00 p.m.
ETF Options	5:30 a.m.	9:35 a.m.*	4:00 p.m.

* The regular session of the equity option market opens at 9:30 a.m. Each option class then opens for trading when a trade occurs on its underlying security on Toronto Stock Exchange. If no such trade has yet occurred, the option class then opens for trading at 9:35 a.m.

Product	Pre-opening	No-cancel	Opening (early session)	Pre-opening	No-cancel	Opening (regular session)	Closing
Share Futures	5:30 a.m.	5:59 a.m.	6:00 a.m.*	9:15 a.m.	9:29 a.m.	9:30 a.m.	4:00 p.m.
Strategies
Share Futures	5:30 a.m.	5:59 a.m.	6:01 a.m.	9:15 a.m.	9:29 a.m.	9:31 a.m.	4:30 p.m.

* A trading range of -5% to +5% (based on previous day's settlement price) has been established for the early session only.

Trading Hours & Stages - Currency Options

Pre-opening: Order entry, cancellation and modification permitted
No-cancellation: Order entry permitted; cancellation and modification not permitted
Opening: Order entry, cancellation and modification permitted
Closing: Order entry, cancellation and modification not permitted

Product	Pre-opening	Opening	Closing
USX	5:30 a.m.	9:30 a.m.	4:00 p.m.