DEFINITION of 'Montreal Exchange'
A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg Commodities Exchange in Manitoba is the home to Canadian commodity derivative trading.
BREAKING DOWN 'Montreal Exchange'
The equity option trading on the Montreal Exchange covers most of the larger Canadatraded companies but is not as broad as the U.S. options markets. The interest rate derivatives cover shortterm banker's acceptances ranging from the overnight rate to the threemonth rate and two and tenyear Canadian Government Bonds. The index futures and options cover the S&P Canada 60 index and several S&P/TSX sector indexes.

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Underlying Asset
A term used in derivatives trading, such as with options. A derivative ... 
Exchange Traded Derivative
A financial instrument whose value is based on the value of another ... 
Canadian Derivatives Clearing Corporation ...
The central clearing counterparty for exchangetraded derivative ... 
Derivative
A security with a price that is dependent upon or derived from ...

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What is the difference between derivatives and options?
Learn how options are one type of derivative and how equity options derive their value from a stock, and understand other ... Read Answer >> 
What kinds of derivatives are traded on an exchange?
Learn about the different types of derivatives traded on exchanges, including options and futures contracts, and discover ... Read Answer >> 
What is a derivative?
A derivative is a contract between two or more parties whose value is based on an agreedupon underlying financial asset, ... Read Answer >> 
What does it mean to be long or short a derivative?
Find out more about derivative securities and what it indicates when traders or investors establish a long or short position ... Read Answer >> 
What expiry months are typically available for derivatives?
Discover more about the derivatives market and learn about the varying expiration months for derivatives in different financial ... Read Answer >> 
What does the underlying of a derivative refer to?
Find out more about derivative securities, what an underlying asset is and what the underlying assets refer to in stock options ... Read Answer >>