Montréal Exchange Inc. (MX), Canada’s derivatives exchange, today marked the launch of trading in its Options Trading Simulation contest. A key part of MX’s derivatives education initiatives, the Options Trading Simulation contest offers undergraduate university students the opportunity to gain virtual experience in the Canadian options market. Using the TMX Trading Simulator, student teams create their own options portfolios and deploy various mandated trading strategies over the course of the eight week session.
For this fall’s session, the fifth edition of the contest, participation levels continued to grow across the country with close to 1,800 teams registered, a 50% increase from this year’s spring session. Over 2,800 students from a total of 36 Canadian universities are competing for $17,500 in prizes. Several universities now also include the contest in their derivatives curricula and on-campus investment clubs.
“We are very proud of the national success of our educational initiatives,” said Alain Miquelon, President and CEO, Montréal Exchange and Group Head of Derivatives Markets, TMX Group. “The Options Trading Simulation contest is helping to demystify derivatives trading and enable the next generation of professional and non-professional Canadian investors to better manage their portfolios.”
The Options Trading Simulation contest runs from September 29, 2014 to November 21, 2014. For more information, click here. The TMX Trading Simulator is featured on the TMX Capital Markets Learning Centre website.