IIAC COMMENT LETTER ON BOURSE DE MONTRÉAL INC.’S ASIAN TRADING HOURS INITIATIVE
On October 5th, the IIAC issued a comment letter following the publication of Circular 135-20 and Circular 160-20 by the Bourse de Montréal requesting comments in regard to its Asian Trading Hours Initiative to be launched in Q1, 2021. The IIAC provided general comments and concerns on the clearing model proposed, the reputation of the Canadian Derivatives Market, and impact of the proposal on IIAC member firms. The IIAC also stressed that a launch date of Q1, 2021 is too soon to ensure proper implementation.
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