In an effort to drive growth in the Canadian options market, the Montréal Exchange (MX) is launching an industry consultation on market structure and other issues.
The exchange announced the creation of a committee to consult on the options market’s structure, possible fee reform, and on other ways to enhance the market.
The Options Market Structure Advisory Committee, which will meet virtually for the first time in the fall, will include representatives from a variety of MX participants. It will then meet on a quarterly basis.
The exchange noted that options trading volume has grown 7% annually over the past decade, amid efforts to facilitate market access, develop new functionality, optimize procedures and educate investors.
“Since the last changes made to the Canadian options market structure date back to 2008, the Bourse wishes to consult with market participants on the structure’s current state and explore ways to further enhance liquidity and improve overall execution,” MX said.
The deadline for applications to join the committee is Sept. 7.