PDAC 2019

VISIT US AT BOOTH 2917

Attending PDAC? TMX Group will have a booth located at 2917, speak to a TSX and TSXV representative. We will be on location March 3rd-6th.

Trade now!

Exposure

Engage in directional trading in the cannabis sector

Capital Efficiency

Achieve leveraged returns with a small margin outlay

MONTRÉAL EXCHANGE

S&P/MX International Cannabis Index Futures

Brochure

Any questions?
Contact our Equity Derivatives team

1 800 361-5353

Please note that any information (including personal information) you may provide to Bourse de Montréal Inc. might be used, namely, to learn about your needs and preferences, to let you know about new products and/or services offered by Bourse de Montréal Inc., and to answer your questions and enquiries, in accordance with the terms and conditions of Bourse de Montréal Inc.’s Privacy Policy available at https://www.m-x.ca/accueil_politique_en.php

The launch by Bourse de Montréal Inc. (the “Bourse”) of the cannabis index futures contracts and the contract specifications contained in this document are subject: to the approval of the Rules and Policies Committee of the Board of Directors of the Bourse; to the self-certification process established under the Derivative Act (Quebec) (CQLR chapter I-14.01); and to other regulatory approval or formalities. This document and the information it contains are therefore subject to change. This document is provided to you for information purposes only. The Bourse makes no representations or warranties in connection with this product or its contemplated specifications. This document shall in no way be interpreted as an obligation on the part of the Bourse to launch this product with these specifications or at all. The information contained in this document is confidential, privileged and only for the information of the intended recipient.

The S&P/MX International Cannabis Index (the “Index”) is a product of S&P Dow Jones Indices LLC (“SPDJI”) and Bourse de Montréal Inc. (“MX”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and MX® is a registered trademark of Bourse de Montréal Inc., used under license. SPDJI, Dow Jones, S&P and TSX do not sponsor, endorse, sell or promote any products based on the Index and none of SPDJI, Dow Jones, S&P, MX and affiliates of MX make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the Index or any data related thereto.

Risk Management

Hedge exposure to the cannabis sector

Canada played a central role in the global evolution of the cannabis industry. Progressive legislation and an increasing number of issuers on the TSX and TSXV have been catalysts for the rapid growth of the Canadian options market.

Building on this success, the Montréal Exchange (MX) partnered with S&P to create a broad-based index which constituents are companies legally operating in their federal jurisdiction, the first of its kind.

The S&P/MX International Cannabis Index Futures (SMJ) is now available to investors in Canada, the U.S. and around the world to capture new investing opportunities in the cannabis industry.

Interested in learning more about the S&P/MX International Cannabis Index Futures? Complete the form below to receive more information.

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Contract Specifications

Index Methodology

Factsheet

Courts rule that Canadians have a constitutional right to use cannabis as medicine

The Marijuana Medical Access Regulations (MMAR) enables Canadians with serious diseases access to medicinal marijuana

The first cannabis company, Canopy Growth Corporation, is listed on the TSX Venture Exchange

Options on cannabis companies are listed on the Montréal Exchange

The Montréal Exchange launches the S&P/MX International Cannabis Index Futures (SMJ)

The Cannabis Act legalizes the recreational use of cannabis nationwide in Canada

The Montréal Exchange introduces the S&P/MX International Cannabis Index in partnership with S&P

Evolution of the Cannabis Industry in Canada

Share futures on cannabis companies commence trading on the Montréal Exchange

Symbol
SMJ

Underlying
S&P/MX International Cannabis Index

Multiplier
C$50

Tick Size
0.10 index points

About SMJ

Futures Ticker
Bloomberg MJCA Refinitiv JSM
BTC Futures Ticker
Bloomberg MJBA Refinitiv BMJ

Available for trading to all participants of the Montréal Exchange

Why trade SMJ?

Article Part 1

Article Part 2