Trading – Interest Rate Derivatives Trading – Equity and Index Derivatives Back-office – Futures
Back-office - Options Technology Regulation
CIRCULAR 030-18 February 23, 2018 POSITION LIMITS FOR SHARE FUTURES CONTRACTS Please be advised that the position limits for share futures listed at Bourse de Montréal Inc. (the Bourse) are outlined in the attached list. The position limits for share futures contracts apply to all net long or net short futures positions in all contract months combined, that are aggregated with options on the same side of the market, relating to the same underlying interest (whether long or short), in accordance to Article 6651 of the Rules of the Bourse. These new limits are effective as of the open of the next business day.
*New listings as of February 22nd, 2018 Position Limit
Share Futures Symbol
Underlying Symbol
Name of Underlying Canadian Shares
FAC* FAE FAL FAX
CAE AEM ALA ARX
CAE Inc. Agnico-Eagle Mines Limited Altagas Ltd. Arc Resources Ltd.
250,000 250,000 250,000 250,000
FBA FBB FBC
ABX BB BCE
Barrick Gold BlackBerry Ltd. BCE Inc.
250,000 250,000 250,000
FBD
BBD.B
Bombardier Inc. Class B
250,000
FBO FCB FCG
BMO CM CPG
Bank of Montreal Canadian Imperial Bank of Commerce Crescent Point Energy Corp.
250,000 250,000 250,000
FCI FCL FCN FCP FCQ
CCL.B SNC CNR CP CNQ
CCL Industries Inc. Unlimited Class B SNC-Lavalin Group Inc. Canadian National Railway Company Canadian Pacific Railway Ltd. Canadian Natural Resources Limited
200,000 750,000 250,000 75,000 250,000
FCT
CTC.A
Canadian Tire Ltd. Class A
50,000
(# of contracts)
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montréal, Quebec H4Z 1A9 Telephone: (514) 871-2424 Toll-free within Canada and the U.S.A.: 1 800 361-5353 Website: www.m-x.ca
Circular no.: 030-18
Page 2
FCX* FDO
CIX DOL
CI Financial Corp. Dollarama Inc.
250,000 75,000
FEA FEB FEF* FEL FEM* FFR* FFS FFV FGG
ECA ENB EFN ELD EMP.A FCR FTS FNV G
Encana Corporation Enbridge Inc. Element Financial Corporation Eldorado Gold Corporation Empire Company Ltd, Cl. A First Capital Realty Inc. Fortis Inc. Franco Nevada Corp. GoldCorp Inc.
250,000 250,000 250,000 250,000 200,000 200,000 250,000 200,000 250,000
FGI FGN* FGW
GIB.A IGM GIL
CGI Group Inc Class A IGM Financial Inc. Gildan Activewear Inc.
250,000 75,000 250,000
FHO FHS
H HSE
250,000 250,000
FIA* FIF* FIR
IAG IFC RCI.B
Hydro One Limited Husky Energy Inc. Industrial Alliance Insurance and Financial Services Inc. Intact Financial Corp. Rogers Communications Non-Voting I
FKK
K
Kinross Gold Corp.
250,000
FKY* FLC*
KEY LNR
Keyera Corp. Linamar Corporation
200,000 50,000
FLF FLL
SLF L
Sun Life Financial Lowblaw Cos. Ltd.
250,000 250,000
FLN*
LUN
Lundin Mining Corp.
250,000
FMA FMF
EMA MFC
Emera Inc. Manulife Financial Corporation
250,000 250,000
FMI
MG
Magna International Inc.
250,000
FMO FMQ
IMO FM
Imperial Oil Ltd. First Quantum Minerals Ltd.
250,000 250,000
FMU FMX* FNB FNN* FNS
MRU MX NA FTT BNS
Metro Inc. Methanex Corp. National Bank of Canada Finning International Inc. Bank of Nova Scotia
250,000 75,000 250,000 200,000 250,000
FNU*
NTR
Nutrien Ltd.
250,000
FOC FON*
CCO ONEX
Cameco Corporation Onex Corp.
250,000 50,000
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montréal, Quebec H4Z 1A9 Telephone: (514) 871-2424 Toll-free within Canada and the U.S.A.: 1 800 361-5353 Website: www.m-x.ca
50,000 75,000 250,000
Circular no.: 030-18 FOP* FOU* FPF* FPK* FPL FPM FPP FPW FQR FRP FRT FRV FRY FSA FSG* FSH* FSJ FSU FTA FTC FTD FTK FTL* FTQ* FUE* FVE FVM* FWC FWL* FWN FWP FWT* FYR FBM KGA KPO
OTEX TOU PWF PSK IPL WPM PPL POW QSR TRP TRI VRX RY SAP VII SHOP SJR.B SU ATD.B T TD TECK.B ACO.X TRQ CU CVE VET WCN GWO WN WCP WFT YRI BAM.A AGU POT
Page 3 Open Text Corp. Tourmaline Oil Corp. Power Financial Corporation Prairiesky Royalty Ltd. Inter Pipeline Ltd. Wheaton Precious Metal Corp. Pembina Pipeline Corporation Power Corporation of Canada Restaurants Brand International I Transcanada Corporation Thomson Reuters Corporation Valeant Pharmaceuticals International Royal Bank of Canada Saputo Inc. Seven Generations Energy Ltd. Shopify Inc. Shaw Communications Inc.Class B Suncor Energy Inc. Alimentation Couche Tard Sub Votin Telus Corporation Toronto Dominion Bank Teck Resources B Ltd. Atco Ltd. Turquoise Hill Resources Ltd. Canadian Utilities Limited Cenovus Energy Inc . Vermilion Energy Inc. Waste Connections Inc. Great West Lifeco Inc. George Weston Ltd. Whitecap Resources Inc. West Fraser Timber Co Ltd. Yamana Gold Inc. Brookfield Asset Management Inc. Cl A Agrium Inc. Potash Corporation of Saskatchewan
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montréal, Quebec H4Z 1A9 Telephone: (514) 871-2424 Toll-free within Canada and the U.S.A.: 1 800 361-5353 Website: www.m-x.ca
200,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 75,000 250,000 250,000 250,000 250,000 250,000 250,000 200,000 250,000 250,000 250,000 250,000 250,000 250,000 50,000 250,000 75,000 250,000 200,000 200,000 250,000 50,000 250,000 75,000 250,000 250,000 75,000 250,000
Circular no.: 030-18
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Please be reminded that in accordance to Article 6651 – Position Limits for Options and Share Futures Contracts of the rules of the Bourse, calls written, puts held, a net short share futures position, and short underlying interest are on the same side of the market and puts written, calls held, a net long share futures position, and long underlying interest are on the same side of the market. Large open positions must be reported in accordance to Article 14102 – Reports Pertaining to the Accumulation of Positions for Derivative Instruments. The reporting threshold for large open position reports (LOPR) of share futures is 250 contracts. Please refer to Circular 149-16 for more details. For more information, please contact the Regulatory Division, by telephone at 514 7876530, or by e-mail at
[email protected].
Julie Rochette Vice President and Chief Regulatory Officer
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montréal, Quebec H4Z 1A9 Telephone: (514) 871-2424 Toll-free within Canada and the U.S.A.: 1 800 361-5353 Website: www.m-x.ca
