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S&P/TSX 60 Index Standard Futures (SXF)
MONTRÉAL EXCHANGE
Contact
The SXF is the benchmark derivative product, listed at the Montréal Exchange, for investors trading and hedging in the Canadian equity market. This futures enables participants to acquire exposure (either long or short) to the entire S&P/TSX 60 Index* in a single, cost-effective transaction.
Index futures are instruments that institutional investors use to hedge exposure, overlay cash and facilitate allocation shifts. The market value of the SXF contract is equivalent to the current value of the S&P/TSX 60 Index multiplied by Can$200.
Broad equity diversification in a single transaction
Actively quoted markets with transparent prices and liquidity
Lower brokerage fees than typically found when trading the underlying securities
Mitigation of counterparty risk through daily cash settlement of P/L
Key Benefits
About S&P/TSX 60 Index
Increasing Liquidity Across the Canadian Listed Yield Curve with LGB
Please complete the contact form to stay up to date on the S&P/TSX 60 Index Standard Futures (SXF) on MX.
For more information, contact us at equityderivatives@tmx.com.
Centralized clearing by the Canadian Derivatives Clearing Corporation
Wholesale facilities for large transactions
The S&P/TSX 60 Index is designed to represent major companies in leading industries.
Market Capitalization: Larger companies, as measured by the float adjusted market capitalization, are considered for the S&P/TSX 60 Index. A company's float adjusted market capitalization is calculated by removing control blocks of 10% or more.
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