CANADA: MX Extends Trading Hours to Asia Pacific Time Zones

Tuesday September 21 2021

On 20^th September 2021, the Montreal Exchange (MX) has launched the next phase of 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 24 hours a day. 

Following the launch of MX’s extended hours initiative in 2018 with trading on London time, international investors now have increased access to Canada’s markets. The availability of MX’s products during Asia’s business hours will enable investors and risk managers to trade Canada’s benchmark products on a relative value basis against additional markets, including Australia and Japan. The extended trading hours initiative is also intended to accelerate MX’s global expansion plans, by diversifying its client base and developing new centers of liquidity. 

Trading sessions open at 8:00 p.m. (t-1) ET (with a 7:30 p.m. (t-1) ET pre-open) and close at 4:30 p.m. 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, ranging from the 3-month CORRA Futures (CRA) and the Three-Month Canadian Bankers’ Acceptance Futures (BAX), to the Government of Canada bond futures benchmarks, including the 2-Year (CGZ), 5-Year (CGF) and 10-Year (CGB) contracts, as well as equity derivatives products such as the S&P/TSX 60 Index* Standard Futures (SXF) 

For additional details, please visit MX Extended Hours. 

Click on the link above for further details