Montréal Exchange Announces Options on 10 CIBC Canadian Depositary Receipts

Rhea-AI Summary

Montréal Exchange (MX) has launched options trading on 10 CIBC Canadian Depositary Receipts (CDRs), expanding investment opportunities for Canadian investors. The new CDR options, available for trading from March 3, 2025, enable investors to trade options on fractional shares of major U.S. companies in Canadian dollars on a Canadian exchange.

The CDR options are now available for trading on prominent U.S. companies including:

• Advanced Micro Devices (AMD)
• Alphabet (GOOG)
• Amazon.com (AMZN)
• Apple (AAPL)
• Berkshire Hathaway (BRK)
• Costco (COST)
• Meta (META)
• Microsoft (MSFT)
• Nvidia (NVDA)
• Tesla (TSLA)

This initiative aims to provide retail investors with enhanced portfolio management flexibility and diversification opportunities within the Canadian market.

Positive

• Expansion into new derivative products
• Access to high-demand US equities without currency exchange
• Enhanced product offering for retail investors

Negative

• None.

Innovative instruments provide advisors and retail investors with access to options on US equities in Canadian dollars

Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Montréal Exchange (MX), Canada's derivatives exchange, announced the launch of options on 10 CIBC Canadian Depositary Receipts (CDRs), marking a significant expansion of investment opportunities for Canadian investors.

The new CDR options, listed on MX and available at the opening of trading today, provide investors with access to options on fractional shares of U.S. companies while trading in Canadian dollars on a Canadian exchange. CDR options allow investors to gain exposure via options to high demand U.S. underlyings in Canadian dollars, providing new opportunities for retail investors to diversify their portfolios within the Canadian market.

"We're proud of the continued evolution of our growing platform, now adding CDR options to our rapidly expanding product suite," said Elliot Scherer, Managing Director and Global Head, Wealth Solutions Group at CIBC Capital Markets. "As investors look for more ways to invest in global companies, we look forward to furthering our CDR offering and developing industry-leading solutions to meet investor demand."

"MX is committed to providing innovative and tailored investment solutions to its clients," said Robert Tasca, Managing Director, Derivatives Products and Services, Montréal Exchange. "With the launch of these options on CDRs, retail investors gain valuable portfolio management flexibility in Canadian dollars."

The following CDRs are available for options trading:

• Advanced Micro Devices CDR - AMD
• Alphabet CDR - GOOG
• Amazon.com CDR - AMZN
• Apple CDR - AAPL
• Berkshire Hathaway CDR - BRK
• Costco CDR - COST
• Meta CDR - META
• Microsoft CDR - MSFT
• Nvidia CDR - NVDA
• Tesla CDR - TSLA

For more information, please visit MX CDR Options here.

About TMX Group (TSX: X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

For more information please contact:

Catherine Kee
Head of Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242908

FAQ

When will TMXXF begin trading options on CIBC Canadian Depositary Receipts?

Trading of CDR options on TMXXF begins March 3, 2025.

Which US companies' CDR options are available for trading on TMXXF?

Options are available for AMD, GOOG, AMZN, AAPL, BRK, COST, META, MSFT, NVDA, and TSLA CDRs.

What are the benefits of trading CDR options on TMXXF for Canadian investors?

Investors can trade options on fractional shares of US companies in Canadian dollars, providing portfolio diversification within the Canadian market.

How do TMXXF's CDR options benefit retail investors specifically?

Retail investors gain access to options on major US stocks while avoiding currency exchange fees by trading in Canadian dollars on a domestic exchange.