Home Breadcrumb caret Industry News Breadcrumb caret Industry MX to require new derivatives traders to pass an exam They’ll also have to complete an online training course By James Langton | October 17, 2019 | Last updated on October 17, 2019 1 min read © akz / 123RF Stock Photo Starting next month, the Bourse de Montréal Inc. (MX) will require aspiring derivatives traders to undertake new training. Starting Nov. 1, to be recognized as an “approved person” by the exchange’s regulatory division, applicants must complete a new mandatory online training course and pass the exams associated with the products they want to trade. Among other things, the new training requires familiarity with the trading ecosystem, the MX’s trading platform and the different stages of an order. The course is free, while each exam costs $250. The new requirements won’t apply to existing approved traders, but existing traders will have to complete the training and pass exams if they want to start trading new products. James Langton James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994. Save Stroke 1 Print Group 8 Share LI logo