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The Montréal Exchange (MX), Canada oldest exchange, is a fully electronic exchange dedicated to the development of the Canadian derivative markets. The Montréal Exchange or M-X (Bourse de Montréal, formerly Montréal Stock Exchange (MSE)) is a futures exchange, located in Montréal, that trades in derivatives such as futures contracts and options.
At the end of 2001, the Exchange had completed its migration from an open outcry environment to a fully automated trading system, becoming the first traditional exchange in North America to complete this transformation.
In February 2004, Montréal Exchange became the sole provider of electronic trading systems and support for the Boston Options Exchange (BOX), making it the first foreign exchange to be responsible for the day-to-day technical operations of an American exchange. That contract now provides the Montreal Exchange with a significant part of its revenue. The Montréal Exchange has a 31.4 % stake in the Boston Option Exchange (BOX), percentage that has since risen to over 51% (as of September 2009). In December 2007, the Montréal and Toronto exchanges merged.
The S&P/TSX Venture Composite is a broad market capitalization-based index, which is designed to measure the performance of securities listed on the TSX Venture Exchange, which is Canada’s public venture equity market.