Large Open Position Reporting

LOPR Portal User Guide Regulatory Requirements

In an effort to automate as well as increase confidentiality and security to the reporting process for large open positions in derivative instruments listed on Bourse de Montréal Inc. (the Exchange), the Regulatory Division of the Exchange, in collaboration with the Information Technology Solutions Department of the Exchange, has developed and implemented an automated and secure reporting solution known as LOPR.

Hereunder you will find links to circulars, technical notices and technical documents issued by the Exchange in connection with the LOPR project.

For general information about LOPR, please contact us at lopr@m-x.ca.

Date Number Title
May 6, 2020 078-20 Position Limits – Futures Contracts and Options on Futures Contracts
March 20, 2020 048-20 Position Limits For Share Futures Contracts
March 20, 2020 047-20 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options, Currency Options
March 5, 2020 035-20 Position Limits – Futures Contracts and Options on Futures Contracts
February 26, 2020 027-20 Position Limits - Government of Canada Bond Future First Contract Month
January 6, 2020 001-20 Position Limits – Futures Contracts and Options on Futures Contracts
December 11, 2019 161-19 Position Limits – Futures Contracts and Options on Futures Contracts
November 27, 2019 153-19 Position Limits - Government of Canada Bond Future First Contract Month
October 2, 2019 131-19 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options and Currency Options
September 13, 2019 120-19 Position Limits – Futures Contracts and Options on Futures Contracts
August 14, 2019 107-19 Position Limits – Futures Contracts and Options on Futures Contracts
July 8, 2019 098-19 Position Limits – Futures Contracts and Options on Futures Contracts
June 27, 2019 094-19 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options and Currency Options
June 27, 2019 093-19 Position Limits for Share Futures Contracts
June 10, 2019 088-19 Position Limits – Futures Contracts and Options on Futures Contracts
May 8, 2019 069-19 Position Limits - Futures Contracts and Options on Futures Contracts
April 12, 2019 063-19 Position Limits – Futures Contracts and Options on Futures Contracts
March 15, 2019 048-19 Position Limits – Futures Contracts and Options on Futures Contracts
January 9, 2019 009-19 Position limits - futures contracts and options on futures contracts
December 7, 2018 194-18 Position Limits for Share Futures Contracts
December 7, 2018 193-18 Position limits -Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options and Currency Options
December 7, 2018 192-18 Position Limits - Futures Contracts and Options on Futures Contracts
November 9, 2018 177-18 Position Limits - Futures Contracts and Options on Futures Contracts
October 11, 2018 163-18 Position Limits – Futures Contracts and Options on Futures Contracts
September 11, 2018 151-18 Position Limits – Futures Contracts and Options on Futures Contracts
August 13, 2018 137-18 Position Limits - Futures Contracts and Options on Futures Contracts
July 9, 2018 115-18 Position Limits – Futures Contracts and Options on Futures Contracts
June 15, 2018 102-18 Position Limits for Share Futures Contracts
June 15, 2018 101-18 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options and Currency Options
June 8, 2018 091-18 Position Limits - Futures Contracts and Options on Futures Contracts
May 10, 2018 060-18 Position Limits – Futures Contracts and Options on Futures Contracts
April 11, 2018 049-18 Position Limits – Futures Contracts and Options on Futures Contracts
March 14, 2018 038-18 Position Limits for Share Futures Contracts
March 14, 2018 037-18 Position Limits - Stock and Trust Unit Options - Exchange Traded Fund Unit Options - Sector Index Options - Index Options - Currency Options
March 7, 2018 035-18 Position Limits – Futures Contracts and Options on Futures Contracts
March 1, 2018 032-18 Call for Interest: Extended Hours Market Making Programs
February 23, 2018 030-18 Position Limits for Share Futures Contracts
February 12, 2018 023-18 Position Limits - Futures Contracts and Options on Futures Contracts
January 11, 2018 005-18 Position Limits – Futures Contracts and Options on Futures Contracts
December 14, 2017 182-17 Position Limits – Futures Contracts and Options on Futures Contracts
December 14, 2017 181-17 Position Limits for Share Futures Contracts
December 14, 2017 180-17 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options and Currency Options
December 12, 2017 176-17 Adjustments Regarding Position Limits - Options on Equity Holding Exchange-Traded Funds
October 5, 2017 141-17 Position Limits, Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options, Currency Options
September 15, 2017 131-17 Position Limits – Futures Contracts and Options on Futures Contracts
September 1, 2017 124-17 Regulatory Guidance on Reports Related to the Accumulation of Large Open Positions (“LOPR”) and Special Inspection on LOPR by the Regulatory Division
July 12, 2017 110-17 Position Limits for Share Futures Contracts
July 12, 2017 109-17 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options, Currency Options
July 11, 2017 107-17 Position Limits - Futures Contracts and Options on Futures Contracts
June 12, 2017 087-17 Position Limits – Futures Contracts and Options on Futures Contracts
May 9, 2017 062-17 Position Limits – Futures Contracts and Options on Futures Contracts
April 13, 2017 049-17 Position Limits for Share Futures Contracts
April 13, 2017 048-17 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options, Currency Options
April 11, 2017 047-17 Position Limits – Futures Contracts and Options on Futures Contracts
March 8, 2017 031-17 Position Limits – Futures Contracts and Options on Futures Contracts
March 8, 2017 030-17 Position Limits for 39 New Canadian Share Futures Contracts
February 24, 2017 025-17 Treatment of Information Requests to the Regulatory Division
January 13, 2017 009-17 Position Limits for Share Futures Contracts
January 13, 2017 008-17 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options Currency Options
January 11, 2017 006-17 Position Limits – Futures Contracts and Options on Futures Contracts
December 12, 2016 166-16 Reports Pertaining to the Accumulation of Positions for Derivative Instruments
December 9, 2016 165-16 Position Limits – Futures Contracts and Options on Futures Contracts
December 1, 2016 160-16 Position Limits for Canadian Share Futures Contracts
November 9, 2016 143-16 Position Limits – Futures Contracts and Options on Futures Contracts
October 13, 2016 125-16 Position Limits – Futures Contracts and Options on Futures Contracts
August 9, 2016 102-16 Position Limits – Futures Contracts and Options on Futures Contracts
July 19, 2016 097-16 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options, Currency Options
July 12, 2016 096-16 Position Limits – Futures Contracts and Options on Futures Contracts
June 6, 2016 076-16 Position Limits – Futures Contracts and Options on Futures Contracts
May 18, 2016 063-16 Large Open Position Reporting – Frequently Asked Questions (LOPR FAQ)
May 12, 2016 057-16 Position Limits – Futures Contracts and Options on Futures Contracts
May 2, 2016 050-16 Reports Pertaining to the Accumulation of Positions for Derivative Instruments (LOPR Reports): Launch of LOPR Notification Portal
April 12, 2016 040-16 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options, Currency Options
April 11, 2016 039-16 Position Limits – Futures Contracts and Options on Futures Contracts
March 10, 2016 030-16 Position Limits – Futures Contracts and Options on Futures Contracts
January 15, 2016 005-16 Reminder Concerning LOPR Reportable Dates
January 13, 2016 003-16 Position Limits - Stock and Trust Unit Options, Exchange Traded Fund Unit Options, Sector Index Options, Index Options, Currency Options
January 12, 2016 002-16 Position Limits – Futures Contracts and Options on Futures Contracts
October 9, 2015 124-15 Position Limits - Stock and trust units options - Exchange traded funds units options - Index options - Currency options
August 12, 2015 100-15 Self-certification - Reports pertaining to the accumulation of positions for derivative instruments - Amendments to article 14102 of Rule Fourteen of Bourse de Montréal Inc.
August 12, 2015 099-15 Update to position limits for S&P/TSX 60 Index Standard Futures contract and S&P/TSX 60 Index Mini Futures contract
August 7, 2015 096-15 Position Limits – Futures Contracts and Options on Futures Contracts
July 20, 2015 087-15 Update to position limits for stock and trust units options, exchange traded funds units options, index options and currency options
July 20, 2015 086-15 Update to position limits for futures contracts and options on futures contracts
July 10, 2015 081-15 Position Limits – Futures Contracts and Options on Futures Contracts
June 5, 2015 067-15 Position limits – Futures contracts and options on futures contracts
May 22, 2015 057-15 Update to Position Limits For Government of Canada Bond Futures and Options on Futures Contracts
May 14, 2015 052-15 Self-Certification - Amendments to Policy C-1 - Requests for Exemption from Position Limits for Bona Fide Hedgers and for Risk Management Purposes
May 11, 2015 048-15 Position limits – Futures contracts and options on futures contracts
April 15, 2015 037-15 Position limits - Stock and trust units options - Exchange traded funds units options - Index options - Currency options
April 10, 2015 036-15 Position limits – Futures contracts and options on futures contracts
April 1, 2015 032-15 Regulatory Division Futures Contracts Margin Rates File Layout Modification
March 9, 2015 021-15 Position limits – Futures contracts and Options on Futures Contracts
February 12, 2015 014-15 Self-certification - Methodology proposed to establish position limits - Amendments to articles 15508, 15608, 15708, 15758, 15908, 15977, 15998.7 and 15999.10
February 5, 2015 012-15 Position limits – Futures contracts and options on futures contracts
January 12, 2015 003-15 Position limits - Stock and trust unit options - Exchange traded fund unit options - Index options - Currency options
January 7, 2015 001-15 Position limits – Futures contracts and options on futures contracts
December 9, 2014 163-14 Position limits - Futures contracts and options on futures contracts
November 11, 2014 153-14 Position limits - Futures contracts and options on futures contracts
October 10, 2014 142-14 Position Limits - Stock and trust units options - Exchange traded funds units options - Index options - Currency options
October 7, 2014 140-14 Position limits - Futures contracts and options on futures contracts
October 1, 2014 139-14 Amendments to the list of fees of Bourse de Montréal Inc. - Report pertaining to the accumulation of positions for derivative instruments, not submitted by the prescribed deadline
September 10, 2014 122-14 Position limits - Futures contracts and options on futures contracts
August 29, 2014 115-14 Erratum - Government of Canada Bond future contracts - First contract month position limit file
August 25, 2014 113-14 Government of Canada Bond future contracts first contract month position limit file
August 12, 2014 111-14 Position limits - Futures contracts and options on futures contracts
July 11, 2014 100-14 Position limits - Futures contracts and options on futures contracts
July 10, 2014 098-14 Position Limits - Stock and trust units options - Exchange traded funds units options - Index options - Currency options
June 10, 2014 079-14 Position limits - Futures contracts and options on futures contracts
June 4, 2014 073-14 Reminder relating to requirements outlined in Article 15608 – Position limits
May 7, 2014 061-14 Position limits - Futures contracts and options on futures contracts
April 10, 2014 051-14 Position limits - Futures contracts and options on futures contracts
April 7, 2014 047-14 Position Limits - Stock and Trust Unit Options - Exchange Traded Fund Unit Options - Index Options - Curreny Options
March 6, 2014 030-14 Position limits - Futures contracts and options on futures contracts
February 19, 2014 022-14 Position Limits - Futures Contracts and Options on Futures Contracts
January 16, 2014 005-14 Position Limits - Stock and Trust Unit Options - Exchange Traded Fund Unit Options - Index Options - Curreny Options
January 10, 2014 004-14 Position Limits - Futures Contracts and Options on Futures Contracts
December 6, 2013 193-13 Position limits - Futures contracts and Options on Futures contracts
November 6, 2013 174-13 Position limits - Futures contracts and Options on Futures contracts
October 16, 2013 166-13 Position limits - Futures contracts and Options on Futures contracts
October 9, 2013 164-13 Addendum - Position Limits - Stock and trust units options - Exchange traded funds units options - Index options - Currency options
October 8, 2013 163-13 Position Limits - Stock and trust units options - Exchange traded funds units options - Index options - Currency options
September 10, 2013 154-13 Position limits - Futures contracts and Options on Futures contracts
August 12, 2013 145-13 Position Limits – Futures contracts and Options on Futures contracts
July 12, 2013 129-13 Position Limits - Stock and trust units options - Exchange traded funds units options - Index options - Currency options
July 11, 2013 128-13 Position Limits - Futures contracts and Options on Futures contracts
June 11, 2013 115-13 Position Limits - Futures contracts and Options on Futures contracts
June 3, 2013 105-13 Large Open Position Reporting (LOPR) reminders
April 12, 2013 071-13 Position Limits - Stock and trust units options - Exchange traded funds units options - Index options - Currency options
April 8, 2013 063-13 Position Limits - Futures contracts and Options on Futures contracts
March 28, 2013 051-13 Self-certification - Amendments to the Rules of Bourse de Montréal Inc. - Article 6654 "Reports Related to Options Positions" and article 14102 "Reports Relating to the Accumulation of Positions for Derivative Instruments
March 18, 2013 042-13 Update - Montreal Exchange Regulatory Division Large Open Position Reporting tool (LOPR)
February 20, 2013 027-13 Large Derivative Instruments Open Positions Reporting (LOPR) - Guide
December 17, 2012 171-12 Termination and Decommissioning of MS Excel/Email based Position Reports A & B
November 28, 2012 158-12 Large Derivative Instruments Open Positions Reporting (LOPR) - Updates regarding Account Owner Identification Requirements
July 14, 2011 125-11 Large Open Position Reporting project (LOPR tool)
May 2, 2011 074-11 Large Derivative Instruments Open Positions Reporting Tool Project(LOPR Project)- Requirements changes and clarifications
January 19, 2011 020-11 Large derivative instruments open positions reporting tool project (LOPR tool) - Clarification
January 14, 2011 016-11 Technical documents: LOPR SAIL Business Design Guide and LOPR SAIL Specifications Guide
April 22, 2010 048-10 Open positions reporting thresholds for derivative instruments listed on the Bourse
April 22, 2010 047-10 Automation project for large open position reporting (LOPR Project)

These documents are available upon request at samsupport@m-x.ca :

  • GUI - LOPR Installation Guide
  • LOPR CSV Record Layouts for Approved Participants
  • LOPR Certification Test Cases for MX-R
  • LOPR SAIL Business Design Guide for Approved Participants
  • LOPR SAIL Certification Manual for MX-R
  • LOPR SAIL Certification Request Form
  • LOPR SAIL Specifications Guide for Approved Participants
  • Position Report Manager User Guide for Approved Participants
  • SOLA Connection Test Cases