TMX Preps Ontario, Quebec Indexes

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The exchange has developed the indexes over the past quarter to provide investible benchmarks for firms to simplify their investments in a province, or to make it easier to trade one province against another, while also meeting increasing demand for risk measurement tools. However, the indexes are also being used as a test case for the Montreal Exchange, which-depending on uptake by clients-may use them as a basis for launching its own derivatives indexes.

"We built them with the intent of being

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