The Bourse de Montréal Inc.’s (MX) plan to extend its trading session to match Asian markets has been pushed back to the end of summer.
In a notice, the MX and the Canadian Derivatives Clearing Corp. announced that the launch of a new extended trading hours initiative has been delayed to Sept. 19. It was originally set to begin on May 30.
“This revised launch date is intended to provide sufficient time for industry stakeholders to perform the necessary technological and operational tests to ensure readiness ahead of launch,” the firms said in a notice.
When the so-called Asian Trading Hours Initiative begins operations, the start of the MX’s trading day will move from 2 a.m. ET to 8 p.m. ET the previous day, to coincide with the opening in Hong Kong and Singapore.