On calendar days during which the Bourse de Montreal offices are closed but the Canadian derivative markets are open (day after New Year’s Day & Quebec Saint-Jean Baptiste holiday in June), please refer to the most recently published futures contracts margin rates file as the rates will not have been modified from the previous business day. Twenty-five years ago, the Montréal Exchange (MX) launched the first three-month Canadian Bankers Acceptance Futures Contract (BAX). At the time, Canada’s financial futures market was still developing and BAX volumes remained modest for the next two years. Between 1990 and 1994, however, yearly volumes doubled every year. The specific futures contract analyzed in this thesis is the Canadian Bankers' Acceptance Futures contract, the BAX, which was introduced on the Montreal Exchange in the early eighties as an instrument to manage interest-rate risk.

BAX – Three-Month Canadian Bankers' Acceptance Futures; OBX – Options on Three-Month Canadian Bankers' Acceptance Futures Equity, currency, ETF, index and share futures: Equity and currency options (US dollar), exchange-traded funds, index derivatives (SXF, SXM, SMJ, SCF, SXA, SXB, SXH, SXY, SXK, SXU, SXO, SXJ and SXV) and share futures. TMX Group Limited and its affiliates do not endorse or recommend any securities issued by any companies identified on, or linked through, this site. On calendar days during which the Bourse de Montreal offices are closed but the Canadian derivative markets are open (day after New Year’s Day & Quebec Saint-Jean Baptiste holiday in June), please refer to the most recently published futures contracts margin rates file as the rates will not have been modified from the previous business day. Twenty-five years ago, the Montréal Exchange (MX) launched the first three-month Canadian Bankers Acceptance Futures Contract (BAX). At the time, Canada’s financial futures market was still developing and BAX volumes remained modest for the next two years. Between 1990 and 1994, however, yearly volumes doubled every year.

Product Group, Tier I. All. BAX, CGB, SCF, CAD 1.02. TSE60, CAD 1.25. BAX - Options on Future, CAD 0.70. TSE60 (mini), CAD 0.41. Regulatory Fees. Product  

Futures contract recognized world-wide as benchmark indicator for Canadian short-term interest rates Montreal Exchange celebrates 25th anniversary of BAX. Share Facebook LinkedIn Twitter Mail to a fried Print. News. Home News Research and Markets Montreal Exchange celebrates 25th anniversary of BAX. The Montréal Exchange will list serial and quarterly (one year and two year) mid-curve options on BAX futures on May 21, 2010, subject to compliance with the conditions set forth in the self-certification process as established in the Derivatives Act (R.S.Q., chapter I-14.01). Montréal Exchange (MX) Fixed Income Futures Canadian Fixed Income Forum (CFIF) April 25, 2016. 2 Agenda Evolution of MX futures market Status report on the ten-year Government of Canada bond futures (CGB) of BAX volumes, up from less than 10% in 2010 prior to the start of the program. The market for futures contracts on Canadian bankers’ acceptances • In 1988, the Montreal Exchange introduced the futures contract on 3-month Canadian bankers’ acceptances or BAX. After a relatively modest start, trading in this contract has grown rapidly. • Futures contracts on bankers’ acceptances are used BAX contracts are futures contracts based on the Canadian bankers’ acceptance rates. They are traded on the Montréal Exchange and are often recognized as the benchmark for Canadian short-term interest rates. We take the difference between changes in the long-term (13 to 15 months) and short-term (1 to 3 months) BAX rates. It is a derivatives exchange located in Montreal (Canada) which trades in Futures contracts and options on equities, indices, currencies, ETF’s, Interest rates and Energy stocks. It is also known as MX (Bourse de Montréal, formerly Montreal Stock Exchange (MSE)).

Montreal Exchange (CDE) CDE, BAX, 3 Month Canadian Bankers' Acceptance Futures, BAX, 333.75, 267, 667.50, 534 CBOE Futures Exchange (CFE).

rate risk through the use of 3-month bankers' acceptance (BAX) futures contracts that have been offered on the Montreal Exchange since April 1988. 4.

Futures market. The BAX was the first interest rate futures to be listed on the Montréal Exchange. It is recognized as the benchmark for Canadian short-term 

9 The CDCC is the CCP of the TMX Montreal Exchange. Acceptance Futures ( BAX), the ten-year Government of Canada Bond Futures (CGB), and the.

TMX Group (TSX:X) today announced that Montréal Exchange (MX) achieved a new open interest record on the Three-Month Canadian Bankers’ Acceptance Futures (BAX (1 BAX contract = C$ 1 000,000 dollars)), reaching 1,003,916 contracts on December 13, 2016 and surpassing 1 million contracts for the first time ever.

CX; Canadian Bankers' Acceptance 3-Month (BAX) Futures; Montreal Exchange; Interest Rate; 28; Most Active – AutoRoll. DA; DAX Index Futures; Eurex; Equity 

18 Jan 2018 Futures contract, the BAX, which was introduced on the Montreal Exchange in the early eighties as an instrument to manage interest-rate risk.