Meanings of montreal exchange in English

The company also runs the small-cap TSX Venture Exchange and the Montreal Exchange derivatives market.

On the Montreal Exchange, volumes rose 5 percent in September compared with a month ago.

The deal would fold the Montreal Exchange, a specialist in derivatives trading since 1999, into TSX.

The union, already approved by Montreal Exchange shareholders, would create an enlarged company known as TMX Group.

The Montreal Exchange, acquired by Canadian market operators TMX Group in May, holds a 51 percent stake.

The Caisse, which owns about 8 percent of Montreal Exchange, had earlier raised concerns about the deal.

Two contracts for September delivery traded on Thursday, the first for the Montreal Exchange heavy crude initiative.

The glitch also shut down trading of equity options on the Montreal Exchange, which specializes in derivatives.

TMX also runs TSX Venture Exchange for small-capitalization stocks and the Montreal Exchange for derivatives, among other markets.

The MCeX, Canada's first emissions exchange, is a joint venture between the Montreal Exchange and the Chicago Climate Exchange.

That leaves the door open to Luc Bertrand, the current CEO of the Montreal Exchange, which specializes in derivatives trading.

Quebec authorities are also concerned the proposal threatens the hundreds of technical positions tied to derivatives trading on the Montreal Exchange.

While cost savings from the Montreal Exchange deal will come, the bulk of these will show up in 2009, Kloet said.

TSX Group and Montreal Exchange said in a joint statement that the combination still needs approval from the Ontario Securities Commission.

Chief Executive Richard Nesbitt was one of the key architects of TSX's long-awaited bid for Montreal Exchange, unveiled a month ago.

Besides the Toronto Stock Exchange, TMX also owns TSX Venture Exchange for small-cap stocks and the Montreal Exchange for derivatives trading.