Briefly: MX takes over Boston Options Exchange

(September 2, 2008) The Montréal Exchange Inc. has completed the acquisition of a majority ownership interest (53.2%) in the Boston Options Exchange Group, LLC (BOX).

“Increasing our investment in BOX grows from confidence in our strategy of expanding our presence in the U.S. equity options market, one of the most dynamic derivatives markets in the world,” said Luc Bertrand, deputy CEO of the TMX Group and president and CEO of the Montréal Exchange. “We continue in our key role as technical operator and technology developer for this innovative automated market.”

Regulatory services to BOX will continue to be provided through BOXR, a wholly owned subsidiary of the Boston Stock Exchange. BOX is an all-electronic equity derivatives market and was created as an alternative to the existing market models. The exchange began trading in February 2004.

(09/02/08)

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