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S&P/TSX 60 Index Standard Futures (SXF) 



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

View Full Contract Specifications

Increasing Liquidity Across the Canadian Listed Yield Curve with LGB   

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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.

Resources and Tools

SXF Pace of Roll MonitorInsightsGuides and Strategies