Montréal Exchange trading hours extended to Asia Pacific time zones

KUALA LUMPUR: Montréal Exchange (MX), Canada’s derivatives exchange, has launched the next phase of its extended trading hours initiative, offering investors in the Asia Pacific region the opportunity to manage their exposure to Canadian markets and execute cross-market strategies in their local time, almost round-the-clock.

“We are extremely excited to launch this new phase of MX’s globalisation strategy, as we continue to push the evolution of our markets and address the increasing global demand for Canadian derivatives,” said TMX Group president and chief executive officer of MX and Global head of Trading Luc Fortin in a statement.

“In keeping with the trend of global capital flows, pension funds in Asia have significantly increased their international exposure and we are encouraged by the strong engagement we have seen from investors and participants in the region to date.

“Canada offers a compelling value proposition for investors and around the world: access to highly-liquid, world-class markets and a leading global economy.

“As we move forward, extended trading hours better aligns MX with our global peers, increases international visibility and connects us to more clients.”

Trading sessions open at 8pm (t-1) ET (with a 7.30pm (t-1) ET pre-open) and close at 4.30pm ET.

Designed as a trading and risk management solution for investors around the world, extended trading hours enables international clients expanded access to MX’s full suite of interest rate derivatives products.