CIRCULAR 052-18 April 20, 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 April 23rd, 2018
Position Limit
Share Futures Symbol
Underlying Symbol
Name of Underlying Canadian Shares
FAC
CAE
CAE Inc.
250,000
FAE
AEM
Agnico-Eagle Mines Limited
250,000
FAL FAX
ALA ARX
Altagas Ltd. Arc Resources Ltd.
250,000 250,000
FBA FBB FBC FBD
ABX BB BCE BBD.B
Barrick Gold BlackBerry Ltd. BCE Inc. Bombardier Inc. Class B
250,000 250,000 250,000 250,000
FBM
BAM.A
Brookfield Asset Management Inc. Cl A
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
CCL.B SNC CNR CP
CCL Industries Inc. Unlimited Class B SNC-Lavalin Group Inc. Canadian National Railway Company Canadian Pacific Railway Ltd.
200,000 75,000 250,000 75,000
FCQ
CNQ
Canadian Natural Resources Limited
250,000
FCT
CTC.A
Canadian Tire Ltd. Class A
50,000
FCX FDO
CIX DOL
CI Financial Corp. Dollarama Inc.
250,000 75,000
FEA
ECA
Encana Corporation
250,000
(# of contracts)
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montreal, 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
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Position Limit
Share Futures Symbol
Underlying Symbol
Name of Underlying Canadian Shares
FEB FEF FEL FEM FEU* FFR FFS
ENB EFN ELD EMP.A BTE FCR FTS
Enbridge Inc. Element Financial Corporation Eldorado Gold Corporation Empire Company Ltd, Cl. A Baytex Energy Corp. First Capital Realty Inc. Fortis Inc.
250,000 250,000 250,000 200,000 250,000 200,000 250,000
FFV FGG FGI FGN
FNV G GIB.A IGM
Franco Nevada Corp. GoldCorp Inc. CGI Group Inc Class A IGM Financial Inc.
200,000 250,000 250,000 75,000
FGW FHO FHS
GIL H HSE
250,000 250,000 250,000
FIA
IAG
FIF
IFC
Gildan Activewear Inc. Hydro One Limited Husky Energy Inc. Industrial Alliance Insurance and Financial Services Inc. Intact Financial Corp.
FIR FKJ*
RCI.B
Rogers Communications Non-Voting I
250,000
KL
Kirkland Lake Gold Inc.
250,000
FKK
K
Kinross Gold Corp.
250,000
FKY FLC
KEY LNR
Keyera Corp. Linamar Corporation
200,000 50,000
FLF
SLF
Sun Life Financial
250,000
FLL
L
Loblaw Cos. Ltd.
250,000
FLN
LUN
Lundin Mining Corp.
250,000
FLV FMA
LEAF EMA
Medreleaf Corp. Emera Inc.
75,000 250,000
FMF
MFC
Manulife Financial Corporation
250,000
FMI FMO FMQ FMU
MG IMO FM MRU
Magna International Inc. Imperial Oil Ltd. First Quantum Minerals Ltd. Metro Inc.
250,000 250,000 250,000 250,000
FMX
MX
Methanex Corp.
75,000
(# of contracts)
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montreal, 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
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Share Futures Symbol
Underlying Symbol
Name of Underlying Canadian Shares
FNB FNN FNS FNU FOA FOC FON FOP FOU FPF FPH FPK FPL FPM FPP FPV* FPW FQB* FQN* FQR FRP FRT FRV FRY FSA FSG FSH FSJ FSU FTA FTC FTD FTK
NA FTT BNS NTR ACB CCO ONEX OTEX TOU PWF APH PSK IPL WPM PPL PEY POW LB AQN QSR TRP TRI VRX RY SAP VII SHOP SJR.B SU ATD.B T TD TECK.B
National Bank of Canada Finning International Inc. Bank of Nova Scotia Nutrien Ltd. Aurora Cannabis Inc. Cameco Corporation Onex Corp. Open Text Corp. Tourmaline Oil Corp. Power Financial Corporation Aphria Inc. Prairiesky Royalty Ltd. Inter Pipeline Ltd. Wheaton Precious Metal Corp. Pembina Pipeline Corporation Peyto Exploration & Development Corp. Power Corporation of Canada Laurentian Bank of Canada Algonquin Power and Utilities Corp. Restaurant Brands International 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.
Position Limit (# of contracts)
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montreal, 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
250,000 200,000 250,000 250,000 250,000 250,000 50,000 200,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 50,000 250,000 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
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Share Futures Symbol
Underlying Symbol
Name of Underlying Canadian Shares
FTL FTQ FUE FVE FVJ* FVM FWA* FWC FWD FWL FWN FWP FWT FXJ* FYR FZC* KGA
ACO.X TRQ CU CVE CJ VET AC WCN WEED GWO WN WCP WFT CJR.B YRI CCA AGU
Atco Ltd. Turquoise Hill Resources Ltd. Canadian Utilities Limited Cenovus Energy Inc . Cardinal Energy Ltd. Vermilion Energy Inc. Air Canada Waste Connections Inc. Canopy Growth Corporation Great West Lifeco Inc. George Weston Ltd. Whitecap Resources Inc. West Fraser Timber Co Ltd. Corus Entertainment Inc. Cl. B Yamana Gold Inc. Cogeco Communications Inc. Agrium Inc.
Position Limit (# of contracts)
50,000 250,000 75,000 250,000 250,000 200,000 250,000 200,000 250,000 250,000 50,000 250,000 75,000 250,000 250,000 25,000 75,000
Please be reminded that in accordance to Article 6651 of Rule Six of the Rules of the Bourse – 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 of Rule Fourteen of the Rules of the Bourse – 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 514 787-6530, or by email at
[email protected].
Julie Rochette Vice President and Chief Regulatory Officer Bourse de Montréal Inc. Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montreal, 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
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