Montreal Exchange Inc. (MX) Monday launched the fourth edition of the Options Trading Simulation contest.

The contest, which runs from February 3 to April 4, is open to undergraduate university students from coast to coast and engages students in the hands-on experience of trading Canadian options.

The level of participation in the Options Trading Simulation has grown from seven Quebec-based business schools in the first edition in 2012 to 28 Canadian universities with over 1,200 teams competing for $17,500 in prizes. Five universities have now incorporated the contest into their derivatives education curriculum.

For more information about the contest, visit www.m-x.ca/sim.

The Montreal-based derivatives exchange is a wholly owned subsidiary of TMX Group. (TSX:X).