Trading – Interest Rate Derivatives Trading – Equity and Index Derivatives Back-office – Futures
Back-office - Options Technology Regulation
CIRCULAR 169-16 December 20, 2016 REVISIONS TO ACCEPTABLE STRATEGIES INVOLVING THE THREE-MONTH CANADIAN BANKERS’ ACCEPTANCE FUTURES (BAX) AND OPTIONS ON THREE-MONTH CANADIAN BANKERS’ ACCEPTANCE FUTURES (OBX)
Pursuant to circular 152-16 published on November 28, 2016, Bourse de Montréal Inc. (the “Bourse”) wishes to inform its Approved Participants (APs) and Foreign Approved Participants (FAPs) that the acceptance criteria for the execution of User-Defined Strategies (UDS) will be limited to four legs for OBX intra-group strategies and OBX-BAX inter-group strategies. Therefore, for indicative purposes, the following strategies will be accepted via UDS.
Two-Legged Strategies
Three-Legged Strategies
Four-Legged Strategies
Call spread Put spread Straddle Strangle Synthetic position Synthetic position with split strikes 1:2 ratio call spread 1:2 ratio put spread 1:3 ratio call spread 1:3 ratio put spread Call Butterfly Put Butterfly Call Ladder Put Ladder Call Condor Put Condor Iron Condor Iron Butterfly Double Diagonal
Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montréal, Québec 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.: 169-16
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The Bourse’s trading system will support the execution of up to twelve-legged OBX and OBX-BAX customized strategies (Exchange-Defined Strategies). Participants may contact the Market Operations Department to request their creation. As a reminder, Circular 152-16, as amended by this circular, will be effective on January 27, 2017. For additional information, please contact the Market Operations Department at 514-871-7877 or 1-866-576-8836.
Joanne Elkaim Director, Fixed Income Derivatives Financial Markets
Jun 21, 2016 - 1.3 Fee Cap Program for approved participant (domestic & foreign). 2. ..... analysis, arbitrage and program trading which generate quotations or ...
Feb 12, 2018 - Trust Units types vary per country, but a parallel can be made with the United States - similar products include ... Based on a review of the technological requirements related to existing Share Futures, the ... The following is an alp
Oct 21, 2016 - the International Proprietary Trading Firms Incentive Program (the ... firms in their efforts to recruit, hire and train new traders to utilize futures.
Jun 21, 2016 - Monthly fee - For the creation of analytics and automated trading ... fee is for the use of the real-time MX Market Data feed in analysis programs.
Apr 30, 2015 - Policy T-1 dates back when the Bourse used a system of specialists ...... of the Floor Committee, the degree of competence and integrity to fulfill.
Jun 29, 2016 - FAQ. IIROC: - Proposed · Guidance 15- · 0234 · - IIROC Guidance · note 16-0022. - UMIR 10.14. 1 If not included in the table, the full text of ...
Mar 14, 2018 - with the self-certification process as established by the Derivatives Act (CQLR, chapter I-14.01). Regulatory Amendment Process. The Bourse is authorized to carry on business as an exchange and is recognized as a self-regulatory organi
Oct 20, 2016 - Request for Proposal (âRFPâ) for the market making of the Five-Year ... and (ii) to allow for the selection of up to a maximum of 4 market makers, rather ..... The Bourse will be monitoring the Market Makers' order book activity to
Apr 30, 2015 - iv) a family trust established and maintained for the benefit of the children of the persons referred to ...... A minimum of $0.01 CDN per Canadian.
May 20, 2016 - Information or document required in the course of an investigation, examination or analysis, submitted more than 1 business day after the due ...
Feb 12, 2018 - futures under the Rules and Procedures of the Bourse, namely exchange traded funds and trust units. Comments on the ..... international sharestock, an exchange-traded fund or a trust unit listed on a recognized exchange. [â¦] RULE SIX
Oct 20, 2016 - The Bourse is giving the present notice of modification of the RFP (i) to ... contact the undersigned at 514-871-7891 or at [email protected].
Oct 20, 2016 - Implementation Timeline. Event. September 14October 20, 2016. Distribution of RFP. September 28October 27, 2016. Deadline for reception of ...
May 20, 2016 - Monthly fee - For the creation of analytics and automated trading ... license fee is for the use of the real-time MX Market Data feed in analysis.
