The Montreal Exchange’s S&P/TSX 60 Index Mini Futures Contract may be offered to U.S. persons through direct access
The Montreal Exchange’s S&P/TSX 60 Index Mini Futures Contract has been deemed certified and may be offered to U.S. persons through direct access effective April 19, 2012
On March 28, 2012, the Montreal Exchange (MX) requested expedited Commodity Futures Trading Commission (CFTC) review of the MX’s S&P/TSX 60 Index Mini futures contract so that it may be offered to U.S. persons. MX also requested that the contract may be made available through direct access terminals in the United States.
The CFTC’s Division of Market Oversight reviewed the contract and determined that it satisfied the requirements of the Commodity Exchange Act (Act) and the Commission’s Regulations. Accordingly, the S&P/TSX 60 Index Mini futures contract is deemed to be in conformance with the Act and therefore may be offered or sold to persons in the U.S. MX may make the contract available for trading through its direct access terminals in the U.S.