The Montreal Exchange (MX) is planning to study the impact of extended trading hours, which are slated to take effect this autumn.
The regulatory division of the MX announced on Friday that it will carry out an analysis of its markets, comparing conditions before and after extended trading hours come into force. Starting Oct. 9, the MX will extend its trading hours by opening its market at 2 a.m. EDT.
The planned study will involve analyzing market data on trading volume, price volatility and price correlation between comparable futures contracts and special terms transactions, the MX says.
The MX will publish the results of the study in the first quarter of 2019 and will solicit feedback on its findings.
“It is important for the division to understand market perspective with regards to the results of this comparative analysis conducted in the context of the extension of trading hours,” the MX says.