Approved Participants

Approved participants list

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Firms asterisked are members of the Canadian Derivatives Clearing Corporation.

A



Aardvark Trading LLC (524)
http://www.aardv.com
550 West Jackson Blvd. - Suite 1300
Chicago IL 60661
Telephone: 312 284-5500
Fax: 312 284-5650


ABN AMRO Clearing Chicago LLC (525)
http://www.us.abnamroclearing.com
175 West Jackson Boulevard - Suite 400
Chicago IL 60604
Telephone: 312 604-8000
Fax: 312 604-8111


ADM Investor Services, Inc. (501)
http://www.admis.com
141 West Jackson Blvd. - Suite 1600-A
Chicago IL 60604
Telephone: 312 242-7200
Fax: 312 242-7201

B



BBS Securities Inc. (028)
http://www.bbssecurities.com
4100 Yonge Street - Suite 507
Toronto Ontario M2P 2B5
Telephone: 416 235-0200
Fax: 416 235-1227


BMO Nesbitt Burns Inc. * (009)
http://www.bmonesbittburns.com
1501 McGill College Avenue - Suite 3200
Montréal Québec H3A 3M8
Telephone: 514 286-7200
Fax: 514 286-7234

1 First Canadian Place - 5th Floor, P.O.Box 150
Toronto Ontario M5X 1H3
Telephone: 416 359-4000
Fax: 416 359-4311


BNP Paribas Securities Corp. (575)
http://www.bnpparibas.com
787 Seventh Avenue - 28th Floor
New York NY 10019
Telephone: 212 841-3000
Fax: 212 841-2309

C



Canaccord Genuity Corp.* (033)
http://www.canaccord.com
Pacific Centre
609 Granville Street - Suite 2200, P.O. Box 10337
Vancouver British Columbia V7Y 1H2
Telephone: 604 643-7300
Fax: 604 643-7606

1250 René-Lévesque Boulevard West - Suite 2000
Montréal Québec H3B 4W8
Telephone: 514 844-5443
Fax: 514 844-5216


Casgrain & Company Limited (004)
https://www.casgrain.ca
1200 McGill College Avenue
Montreal QC H3B 4G7
Telephone: 514 871-8080
Fax: 514 871-1943


CIBC World Markets Inc. * (079)
http://www.cibcwm.com
Brookfield Place
161 Bay Street - P.O. Box 500
Toronto Ontario M5J 2S8
Telephone: 416 594-7000
Fax: 416 594-7618

600 de Maisonneuve Boulevard West - Suite 3050
Montréal Québec H3A 3J2
Telephone: 514 847-6425
Fax: 514 847-8854


Citadel Securities Canada ULC (005)
https://www.citadelsecurities.com/
100 King Street West - 7th Floor
Toronto ON M5X 1C7
Telephone: 416 306-1169


Citadel Securities LLC (512)
http://www.citadelgroup.com
131 South Dearborn Street
Chicago IL 60603
Telephone: 312 395-2100
Fax: 312 267-7100


Citigroup Global Markets Inc. (518)
http://www.citigroup.com
388 Greenwich St.
New York NY 10013
Telephone: 212 723-4667
Fax: 212 723-8977


Credential Qtrade Securities Inc.* (088)
http://www.credential.com
1111 West Georgia Street - Suite 800
Vancouver BC V6E 4T6
Telephone: 604 714-3800
Fax: 604 714-3901


Credit Suisse Securities (USA) LLC (555)
http://www.credit-suisse.com
Eleven Madison Avenue
New York NY 10010 (US)
Telephone: 212 325-2000
Fax: 212 325-8312

D



Desjardins Securities Inc. * (019)
http://www.vmd.ca
1170 Peel Street - Suite 300
Montréal Québec H3B 0A9
Telephone: 514 987-1749; 1-888-987-1749
Fax: 514 987-9593


Deutsche Bank Securities Inc. (592)
http://www.globalmarkets.db.com
60 Wall Street
New York NY 10005 (US)
Telephone: 212 250-2500
Fax: 212 797-2041

222 South Riverside Plaza - 30th Floor
Chicago IL 60606-5808
Telephone: 312 537-1926
Fax: 312 537-8204


DRW Investments, LLC (570)
http://www.drw.com
540 West Madison Street - Suite 2500
Chicago IL 60661
Telephone: 312 542-1000

E



E D & F Man Capital Markets Inc. (564)
http://www.edfmancapital.com/
140 East 45th Street - 42nd Floor
New York NY 10017
Telephone: (212) 922-2878

F



Fidelity Clearing Canada ULC* (022)
https://clearingcanada.fidelity.com
483 Bay Street
South Tower - Suite 200
Toronto Ontario M5G 2N7
Telephone: 416 216-2600
Fax: 416 217-7440


Freshwater Securities LLC (727)
http://www.transmarketgroup.com
550 West Jackson Blvd - Suite 1300
Chicago IL 60661
Telephone: (312) 284-5500
Fax: (312) 284-5650

G



G.H. Financials Ltd. (610)
http://www.ghfinancials.com
29 Ludgate Hill - 4th Floor
London United Kingdom EC4M 7JR
Telephone: +44 (0) 207 653 6400


GMP Securities L.P. (074)
http://www.gmpsecurities.com
145 King Street West - Suite 300
Toronto Ontario M5H 1J8
Telephone: 416 367-8600
Fax: 416 367-8164

1250 René-Lévesque Boulevard West - 15th Floor
Montréal Québec H3B 4W8
Telephone: 514 288-7774
Fax: 514 288-1574


Goldman Sachs & Co. LLC (565)
http://www2.goldmansachs.com/worldwide/united-states/index.html
200 West Street
New York NY 10282
Telephone: 212 902-1000


Goldman Sachs Canada Inc. * (065)
http://www2.goldmansachs.com/worldwide/canada/index.html
Royal Trust Tower
Toronto-Dominion Centre
77 King Street West - Suite 3400, P.O. Box 38
Toronto Ontario M5K 1B7
Telephone: 416 343-8900
Fax: 416 593-8506

H



Haywood Securities Inc. * (062)
http://www.haywood.com
Waterfront Centre
200 Burrard Street - Suite 700
Vancouver British Columbia V6C 3L6
Telephone: 604 697-7100
Fax: 604 697-7499


Headlands Technologies LLC (557)
http://www.headlandstech.com
155 N. Wacker Drive - Suite 1900
Chicago IL 60606
Telephone: 312-601-8649
Fax: 312-254-3162


HRT Financial LLC (597)
4 World Trade Center
150 Greenwich Street - 57th Floor
New York NY 10007
Telephone: 212-293-1925


HSBC Securities (Canada) Inc. * (081)
http://www.hsbc.com
70 York Street - 5th Floor
Toronto Ontario M5J 1S9
Telephone: 416 868-7800
Fax: 416 868-5484

2001 McGill College Avenue - Suite 300
Montréal Québec H3A 1G1
Telephone: 514 393-6099; 1-888-813-7171
Fax: 514 393-6085


HSBC Securities (USA) Inc. (581)
http://www.hsbc.com
452 Fifth Avenue - Tower 9
New York NY 10018
Telephone: 212 525-3509
Fax: 212 525-5981

I



Interactive Brokers Canada Inc. (057)
https://www.interactivebrokers.ca
1800 McGill College Avenue - 2106
Montreal Quebec H3A 3J6
Telephone: 514 287-7612
Fax: 514 287-0152

J



J.P. Morgan Securities Canada Inc. * (660)
JPMorgan Chase Bank, N.A.
TD Bank Tower
66 Wellington Street West - Suite 4500
Toronto Ontario M5K 1E7
Telephone: 416 981-9150
Fax: 416 981-9175


JitneyTrade Inc. (099)
http://www.jitneytrade.com
360 Saint-Jacques Street West - Suite G-102
Montréal Québec H2Y 1P5
Telephone: 514 985-8080
Fax: 514 985-8099


Jump Trading Futures, LLC (552)
http://www.jumptrading.com
600 West Chicago Avenue - Suite 825
Chicago IL 60654
Telephone: 312 205-8900
Fax: 312 205-8999


Jump Trading, LLC (502)
http://www.jumptrading.com
600 West Chicago Avenue - Suite 825
Chicago IL 60610
Telephone: 312 205-8900
Fax: 312 205 8999

L



Latour Trading LLC (587)
377 Broadway - 10th Floor
New York NY 10013
Telephone: 212 219 6000


Life Trading UK Limited (654)
40-48 Fashion Street - 1st Floor
London UK E1 6PX
Telephone: 44 2074 4848 91

M



Mackie Research Capital Corporation * (083)
http://www.mackieresearch.com/index.php
4 Place Ville-Marie - Suite 100
Montréal Québec H3B 2E7
Telephone: 514 399-1500
Fax: 514 399-1519

Commerce Court West
199 Bay Street - Suite 4500, Box 368
Toronto Ontario M5L 1G2
Telephone: 416 860-7600
Fax: 416 860-7674


Macquarie Capital Markets Canada Ltd.* (121)
http://www.macquarie.ca/mgl/ca/en
Brookfield Place
181 Bay Street - Suite 3100, P.O. Box 830
Toronto Ontario M5J 2T3
Telephone: 416 848-3500
Fax: 416 848-3162

1250 René-Lévesque Boulevard West - Suite 3910
Montréal Québec H3B 4W8
Telephone: 514 925-2850
Fax: 514 925-2870

Bentall 4
1055 Dunsmuir Street - Suite 1000, P.O. Box 49333
Vancouver British Columbia V7X 1L4
Telephone: 604 640-0400
Fax: 604 640-0300


Mako Global Derivatives Partnership LLP (635)
http://www.mako.com
Broadgate Quarter
1 Snowden Street
London UK EC2A 2AP
Telephone: +44 (0)20 7862 0400


Marex North America, LLC (567)
http://www.marex.com
360 Madison Avenue - Third Floor
New York NY 10017
Telephone: 212 584 3880
Fax: 212 584 3888


Merrill Lynch Canada Inc. * (024)
http://www.ml.com
Brookfield Place
181 Bay Street - Suite 400
Toronto Ontario M5J 2V8
Telephone: 416 369-7400
Fax: 416 369-7438

1250 René-Lévesque Boulevard West - Suite 3715
Montréal Québec H3B 4W8
Telephone: 514 846-1050
Fax: 514 846-3591


Mizuho Securities USA LLC (503)
http://www.mizuhosecurities.com
320 Park Avenue - 12th Floor
New York NY 10022
Telephone: 212 209-9300
Fax: 212 370-0801


Morgan Stanley & Co. LLC (550)
1585 Broadway
New York NY 10036
Telephone: 212 761-4000

N



National Bank Financial Inc. (080)
http://www.fbn.ca
Édifice Sun Life
1155 Metcalfe Street - 5th Floor
Montréal Qc H3B 4S9
Telephone: 514 879-2222
Fax: 514 879-5142

O



Odlum Brown Limited * (025)
http://www.odlumbrown.com
250 Howe Street - Suite 1100
Vancouver British Columbia V6C 3S8
Telephone: 604 669-1600
Fax: 604 681-8310

P



Pavilion Global Markets Ltd.
http://www.pavilioncorp.com
1250 René-Lévesque Boulevard West - Suite 4025
Montréal Québec H3B 4W8
Telephone: 514 932-7171
Fax: 514 932-8288


PI Financial Corp. (704)
http://www.pi-securities.com
666 Burrard Street - Suite 1900
Vancouver British Columbia V6C 3N1
Telephone: 604 664-2900
Fax: 604 664-2664

Q



Questrade, Inc. (124)
http://www.questrade.com
5650 Yonge Street - Suite 1700
Toronto Ontario M2M 4G3
Telephone: 416 227-9876
Fax: 416 227-0078

R



R.J. O'Brien & Associates Canada Inc. * (185)
http://www.rjobrien.ca
110 Yonge Street - Suite 1700
Toronto ON M5C 1T4
Telephone: 416-214-7900
Fax: 416-214-7949

1250 René Lévesque Blvd West - Suite 4120
Montréal Québec H3B 4W8
Telephone: (514) 218-6888
Fax: (514) 932-7340


R.J. O'Brien Limited (605)
https://www.rjobrien.co.uk/
Business Design Centre
52 Upper Street
London United Kingdom N1 0QH
Telephone: 00 44 20 7390 7777
Fax: 00 44 20 7390 7778


Raymond James Ltd. * (089)
http://www.raymondjames.ca
Cathedral Place
925 West Georgia Street - Suite 2100
Vancouver British Columbia V6C 3L2
Telephone: 604 654-1111
Fax: 604 654-1224

Scotia Plaza
40 King Street West - Suite 5300
Toronto Ontario M5H 3Y2
Telephone: 416 777-4933
Fax: 416 777-4900

1002 Sherbrooke West - Suite 1420
Montréal Quebec H3A 3L6
Telephone: 514 350-4450
Fax: 514 350-4464


RBC Dominion Securities Inc. * (002 - 509)
http://www.rbcds.com
Royal Bank Plaza, North Tower - P.O. Box 50
Toronto Ontario M5J 2W7
Telephone: 416 842-2000
Fax: 416 842-8044

1 Place Ville-Marie - 3rd Floor
Montréal Québec H3B 4R8
Telephone: 514 878-7000
Fax: 514 878-7070

S



Scotia Capital Inc. * (085)
http://www.scotiacapital.com
20 Queen Street West - 4th Floor
Toronto Ontario M5H 3R3
Telephone: 416 863-7411
Fax: 416 862-3037

Tour Scotia
1002 Sherbrooke West - 6th Floor
Montréal Québec H3A 3L6
Telephone: 514 287-3600
Fax: 514 287-3689


Société Générale Capital Canada Inc. * (001)
http://www.newedgegroup.com
1501 McGill College Avenue - Suite 1930
Montréal Québec H3A 3M8
Telephone: 514 841-6200
Fax: 514 841-6254

T



TD Securities Inc. (007)
http://www.tdbank.ca
Toronto Dominion Centre
TD Tower
66 Wellington Street West - 12th Floor, P.O. Box 1
Toronto Ontario M5K 1A2
Telephone: 416 982-6160
Fax: 416 944-6932

1 Place Ville Marie - Suite 2315
Montreal Quebec H3B 3M5
Telephone: 514 289-1600
Fax: 514 289-2855


TD Waterhouse Canada Inc. (709)
Toronto Dominion Centre
TD Tower
66 Wellington Street West - 12th Floor, P.O. Box 1
Toronto Ontario M5K 1A2
Telephone: 416 982-5238
Fax: 416 944-6750

Eaton Centre
705 Ste Catherine West - Suite 1200
Montreal Quebec H3B 4G5
Telephone: 514 289-8080
Fax: 514 289-8472


Timber Hill Canada Company * (047 - 111)
1800 McGill College Avenue - Suite 2106
Montréal Québec H3A 3J6
Telephone: 514 287-9035
Fax: 514 287-0152


TradeLink L.L.C. (599)
http://www.tradelinkllc.com
71 South Wacker - Suite 1900
Chicago IL 60606
Telephone: 312 264-2000
Fax: 312 264-2001


TradeLink Worldwide Ltd (699)
http://www.tradelinkllc.com/
1 Coleman Street - 2nd Floor
London United Kingdom EC2R 5BG
Telephone: 44 207 618 9200

U



UBS Securities LLC (596)
http://www.ubs.com
677 Washington Blvd
Stamford CT 06901
Telephone: 203 719-3000
Fax: 312 525-5734

V



Virtu Americas LLC (534)
https://www.virtu.com
One Liberty Plaza
165 Broadway - 5th Floor
New York NY 10006
Telephone: 212 418-0100
Fax: 212 418-0123


Virtu Financial BD, LLC (595)
http://www.virtu.com
900 3rd Avenue - 29th Floor
New York NY 10022
Telephone: 212 418-0100
Fax: 212 418-0123


Virtu Financial Capital Markets LLC (513)
http://www.virtu.com
900 3rd Avenue - 29th Floor
New York NY 10022
Telephone: 212 418-0100
Fax: 212 418-0123

W



Wedbush Securities Inc. (551)
http://www.wedbush.com
141 W. Jackson Boulevard - Suite 1710-A
Chicago IL 60604
Telephone: 312.786.1930
Fax: 312.786.0189


Wolverine Trading UK Limited (601)
City Tower
40 Basinghall Street
London United Kingdom EC2V 5DE
Telephone: 011 44 (0) 207 847-8860
Fax: 011 44 (0) 207 374-0577

X



XTX Markets Limited (626)
https://www.xtxmarkets.com/
Leconfield House, Curzon Street
London UK W1J 5JA
Telephone: +44 20 3198 3300


Becoming an approved participant - Benefits

Approved participants have direct access to the Exchange markets and trading environment. The most obvious advantage of becoming an approved participant is significant cost savings in execution. They also have the right to route client orders and install terminals in client offices.

Becoming an approved participant - Requirements

Firms applying to become an approved participant must meet certain criteria including:

  • 1) For Canadian firms:
    • be duly formed under the Canadian provincial or federal applicable laws;
    • be a member of a Canadian self-regulatory organization (Investment Industry Regulatory Organization of Canada);
    • become a member of the Canadian Derivatives Clearing Corporation or conclude a clearing agreement with one of its members.
  • Approved participants' employees applying to obtain an approval entitling them to trade on the Montréal Exchange trading system (SOLA) must beforehand enroll to the training course(s) offered by the Regulatory Division.
  • 2) For foreign firms:
    • be located in one of the following jurisdiction: United States, United Kingdom, Republic of Ireland, Israel, Jersey and France;
    • be duly formed pursuant to the relevant laws of the country;
    • be registered with a securities or derivative instruments regulator, or a recognized self-regulatory organization, unless it is exempted from such registration in its jurisdiction and subject to all other applicable restriction;
    • have entered into a clearing agreement with a member of the Canadian Derivatives Clearing Corporation;
    • have a designated agent for service of process residing in Quebec.

All Approved Participants of the Exchange are required to implement the tool developed by the Exchange for the submission of daily position reports on derivative instruments traded on the Exchange, unless they have specifically been exempted from or have delegated this regulatory procedure. This tool should be implemented at the time of the trading connection in order for it to be fully operational from the beginning of the approved participant's trading activities on the Exchange. Information relevant to this tool and its implementation is available in the LOPR section of this website.

Application for admission – Canadian approved participants

Application for admission – Foreign approved participants

Application for admission – Foreign approved participants – Additional information

Change of corporate status

The Regulatory Division must be informed in writing when certain changes occur regarding an approved participant or foreign approved participant. In most cases, the Regulatory Division must simply be informed prior to such changes, whereas some situations require the prior approval of the Special Committee – Regulatory Division.

Example of situations where a prior notification to the Regulatory Division of the Exchange is sufficient (for further details, please refer to Rule Three of the Rules of the Exchange):

  • Name change
  • Change of control
  • Taking of a major position in the capital of an approved participant (10% or more)
  • Corporate reorganization
  • Merger/acquisition

Situations requiring a prior approval by the Special Committee – Regulatory Division:

  • Resignation of an approved participant
  • Taking of a major position resulting in a change of control of an approved participant, which is likely to materially affect its operations

Approved participants must also inform the Exchange as quickly as possible of any change regarding the address of their head office, phone and fax numbers and Web site address.