Montreal Bourse Floats Futures Contract

Montreal Exchange, the wholly-owned subsidiary of TMX Group, has unveiled the SXM Mini Futures contract on the S&P/TSX 60 Index.

Montreal Exchange, the wholly-owned subsidiary of TMX Group, has unveiled the SXM Mini Futures contract on the S&P/TSX 60 Index. The futures contract offers a smaller capital alternative, representing one fourth the value of the current S&P/TSX 60 Index Standard Futures contract.

The trading of the contract will start in June 2011. The contract is cash settled against the opening level of the underlying benchmark on the third Friday of the expiration month.

Click here for the release from Canada Newswire.