Stock Exchange of Montreal, Montreal Curb Market

By: EconomyWatch   Date: 23 November 2010

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The Montreal Curb Market was a stock exchange in Canada established in 1926 in Montreal, Canada.


The exchange was established with the objective of trading in those stocks that were considered too speculative or insignificant to be traded on Bourse de Montreal. As these companies grew in activity and size trading in their shares was also transferred to the Bourse.

In 1953, the name of the Montreal Curb Market was changed to Canadian Stock Exchange. Later in 1974, the Canadian Stock Exchange merged with the Bourse de Montreal. The Bourse de Montreal is a futures exchange, located in Montreal that trades in derivatives such as futures contracts and options. In 1982, the Montreal Stock Exchange changed its name to Montreal Exchange. The change reflected the growing importance of financial instruments - mainly options and futures - other than stocks.
At the end of 2001, the Montreal Exchange had completed its migration from an open outcry environment to a fully automated trading system, becoming the first traditional securities exchange in North America to complete this transformation. In the process, it modified the market model for trading, from a traditional specialist model to a competing market making model for the equity option market.

Continuing its further expansion in order to provide better services, in February 2004, the exchange became the only provider of electronic trading systems and support for the Boston Options Exchange (BOX). The facility provided the exchange the status of the first foreign exchange to be responsible for the day-to-day technical operations of an American exchange. The contract earns the Montreal Exchange a significant part of its revenue.


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