Montreal Exchange (MX) was last week continuing its push to grow its equity options business and expand into other market sectors by offering OTC clearing services in Canada.
Luc Bertrand, president and CEO of MX, told FO Week at Canadian Derivatives Conference in Toronto that the exchange would be offering clearing on OTC equity options beginning 6 October.
"The activity in the OTC market dwarfs what goes on in the exchange world," said Bertrand. "We're approaching that very proactively because we...