OSC Staff Notice of Request for Comment – Proposed Amendments to the Rules and Manuals of CDCC to Accommodate the Extension of the Trading Hours at Bourse de Montreal Inc. – Canadian Derivatives Clearing Corporation (CDCC)

Canadian Derivatives Clearing Corporation rule review

 
The Ontario Securities Commission is publishing for public comment the proposed amendments to the CDCC Rules, Operations Manual, Risk Manual and Default Manual in order to accommodate the extension of the trading hours at Bourse de Montréal Inc. (“MX”).

The purpose of the proposed amendments is to further extend the CDCC trading hours to start at 8:00 pm (t-1) ET instead of at 2:00 am ET (as previously extended in phase I) to support the MX initiative of aligning with the Asian time-zone.

The comment period ends on October 5, 2020.

A copy of the CDCC Notice is published on our website at www.osc.ca.