Montréal Exchange (MX), a wholly-owned subsidiary of TMX Group and Canada's derivatives exchange, has launched its options trading simulator.
According to the firm, the virtual trading platform is an online and smartphone-compatible tool, which empowers individual investors to perform options trading strategies, while enhance their knowledge of both options and market dynamics.
Montréal Exchange president and CEO Alain Miquelon said, "We want to encourage investors of all levels, including students, to learn more about the derivatives market and to look to MX as the centre of excellence of these highly specialized products."
The simulator supports the MX’s existing educational tools, including options education days’ information sessions, training tutorials on m-x.tv and blog posts on optionmatters.ca, the trading exchange said.
TMX Group’s key subsidiaries operate cash and derivative markets for multiple asset classes including Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom among others.