Montreal Exchange (MX) was last week continuing its
push to grow its equity options business and expand into other
market sectors by offering OTC clearing services in Canada.
Luc Bertrand, president and CEO of MX, told FO Week
at Canadian Derivatives Conference in Toronto that the exchange
would be offering clearing on OTC equity options beginning 6
"The activity in the OTC market dwarfs what goes on in the
exchange world," said Bertrand. "We're approaching that very
proactively because we think the growth of the exchange traded
world will outpace the OTC business going forward. So we want
to be in a position to capture that growth."
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