The Montreal Exchange Plans to Use Radianz Financial Extranet.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & MONTREAL--(BUSINESS WIRE)--Oct. 23, 2002 Radianz today announced that Bourse de Montreal Inc. (Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg ) plans to use Radianz's global financial extranet, RadianzNet, to connect brokers in the United States and Canada to the exchange's electronic trading system. The exchange recently converted from a trading floor/outcry model to a fully automated system called Montreal Automated System (SAM). Earlier this year, it also obtained approval from the U.S. Commodity Futures Trading Commission The Commodity Futures Trading Commission (CFTC), the federal regulatory agency for futures trading, was established by the Commodity Futures Trading Commission Act of 1974 (88 Stat. 1389; 7 U.S.C.A. 4a), approved October 23, 1974. (CFTC CFTC See: Commodity Futures Trading Commission CFTC See Commodity Futures Trading Commission (CFTC). ) to offer American dealers and brokers access to its electronic trading platform to trade index and interest rate futures. Rosanna Teti, vice-president, business solutions and information technology of the Montreal Exchange said, "Through a single connection to RadianzNet, the exchange will gain access to the end-users in Radianz's global financial community. Brokers in the United States and Canada also will gain the secure IP connectivity needed for trading on our system." For Radianz, its relationship with the Montreal Exchange will result in the addition of another important exchange to its global financial community. "As a result of the relationship, brokers who are connected to RadianzNet globally will be able to gain access to the Bourse through their existing connection to our extranet," said Chris Church, executive vice president and head of Global Sales and Marketing for Radianz. "This is in addition to the access we already can offer them to several other leading exchanges throughout the world," Church added. Beyond the equities segment of the financial industry, Radianz also is targeting the foreign exchange and fixed-income business. About Radianz Radianz (www.radianz.com) is an independent company with the world's largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network to provide superior IP connectivity and hosting services designed to meet the demands of professionals in the finance community. Radianz was established by Reuters (RTR RTR Ready To Run RTR Rundfunk & Telekom Regulierungs Gmbh RTR Rotor RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland) RTR Response Time Reporter RTR Ready To Race RTR Ready to Roll .L) and Equant (NYSE NYSE See: New York Stock Exchange : ENT ENT ears, nose, and throat (otorhinolaryngology). ENT abbr. ear, nose, and throat ENT ear, nose and throat. ENT Ears, nose & throat; formally, otorhinolaryngology ) (Euronext Paris: EQU EQU Equipment EQU Equilibrium EQU Equate (assembly language directive) EqU Equivalent Unit EQU Extremely Qualified User EQU Estimated Quarterly Usage EQU Equal to EQU Equation ). Radianz and the lighthouse logo are the trademarks of the Radianz group of companies. About the Montreal Exchange Bourse de Montreal Inc. was founded in 1874. It is Canada's oldest exchange and the first Canadian exchange to list equity options and to establish a major futures market. Today, the Montreal Exchange is fully electronic and offers both individual and institutional investors a wide range of equity, index and interest rate derivative An interest rate derivative is a derivative where the underlying asset is the right to pay or receive a (usually notional) amount of money at a given interest rate. The interest rate derivatives market is the largest derivatives market in the world. products. The Montreal Exchange also offers clearing services through the Canadian Derivatives Clearing Corporation and training (e-learning and in-class) through its Derivatives Institute. For more information about the Montreal Exchange, please visit www.m-x.ca. --30--JP/ny csm
CONTACT: Radianz
Marty Filipowski, 212/415-4678
marty.filipowski@radianz.com
or
Montreal Exchange
Jean-Charles Robillard, 514/871-3551
jcrobillard@m-x.ca
KEYWORD: NEW YORK INTERNATIONAL CANADA
INDUSTRY KEYWORD: INTERNET E-COMMERCE COMPUTERS/ELECTRONICS
BANKING
SOURCE: Radianz
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