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MX-CCAD2005 Luc Bertrand, President and CEO. CURRENT TRENDS. MX launches new US options exchange. MX year to date continued double-digit growth. MX exceeds performance targets. MX extends direct access to US and UK. MX completes its transformation.
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MX-CCAD2005 Luc Bertrand, President and CEO CURRENT TRENDS
MX launches new US options exchange MX year to date continued double-digit growth MX exceeds performance targets MX extends direct access to US and UK MX completes its transformation MX restructures into a private corporation
106,145 86,226 52,000 23% 66% 2004 Q1 + Q2 2005 2000 MX AVERAGE DAILY VOLUME (Contracts)
54% 99% 49% BAX - CGB - SXF Average daily volume 2004 2000 2004 2004 2000 2000 BAX CGB SXF
71% EQUITY OPTIONS 34,029 19,832 2000 2004
467 312 218 2004 Q2 2005 2000 NOTIONAL VALUE Billions of dollars
1,9M 58% Q2 2005 OPEN INTEREST (Contracts) 1,6M 0,98M 2000 2004
SEC approval in January 2004 • Founding partners: BSE, IB, MX • Other partners: UBS, CSFB, J.P. Morgan, Mongran Stanley, Citadel • Successfull launch in February 2004
454 378 176 606 52 000 2000 2004 July 2005 MX + BOX PLATFORMS ACTIVITY Average daily volume
2005 AND BEYOND With a solid platform for growth and diversification, MX is focussing on its core competencies to increase the scope and scale of its operations
2005 AND BEYOND • Business lines: • Financial Markets • Clearing • IT Solutions
2005 AND BEYOND Financial Markets: The strategy is to meet aggressive growth targets by attracting new market participants from Canada and global financial centres, and building investor demand for our derivatives trading and clearing services.
2005 AND BEYOND Clearing: The strategy is to maintain our Standard & Poor’s AA credit rating, support increased trading volumes and diversify into new markets for risk management services.
2005 AND BEYOND IT Solutions: The strategy is to expertly manage the advanced information systems that support trading and clearing activities of the MX, as well as services provided to BOX.
MX-CCAD2005 Luc Bertrand, President and CEO CURRENT TRENDS