Fourth edition of Options Trading Simulation contest kicks off with record participation
MONTRÉAL, Feb. 3, 2014 /CNW/ - Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Limited and Canada's derivatives exchange, today launched the fourth edition of the Options Trading Simulation contest.
The contest is open to undergraduate university students from coast to coast and engages students in the hands-on experience of trading Canadian options. The level of participation in the Options Trading Simulation has grown from seven Quebec-based business schools in the first edition in 2012 to 28 Canadian universities with over 1,200 teams competing for $17,500 in prizes. Five universities have now incorporated the contest into their derivatives education curriculum.
"Our derivatives education initiative continues to broaden its reach across the country," said Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives Markets, TMX Group. "The increasing popularity of the Options Trading Simulation contest and our Canadian Derivatives Exchange Scholars Program are very encouraging signs for the advancement of financial literacy in Canada."The TMX Trading Simulator, a feature of the TMX Capital Markets Learning Centre ( www.tmx-edu.com) will once again be used in the Options Trading Simulation contest, which runs from February 3, 2014 to April 4, 2014. For more information about the contest please visit www.m-x.ca/sim. About TMX Group (TSX:X) TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada ( Montreal, Calgary and Vancouver), in key U.S. markets ( New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup. SOURCE TSX Venture Exchange