current trends

CURRENT TRENDS

MX-CCAD2005Luc Bertrand, President and CEO

MX year to date continued double-digit growth

MX exceeds performance targets

MX extends direct access to US and UK

MX completes its transformation

MX restructures into a private corporation

MX launches new US options exchange

52,000

2000

86,226

2004

MX AVERAGE DAILY VOLUME

(Contracts) 106,145

Q1 + Q2 2005

66%23%

BAX - CGB - SXFAverage daily volume

BAX CGB SXF

54%

99%49%

2000

2004

2000

20042000 2004

19,832

34,029

2000 2004

EQUITY OPTIONS

71%

218

2000

312

2004

Billions of dollars

467

Q2 2005

NOTIONAL VALUE

0,98M

1,6M

2000 2004

OPEN INTEREST

(Contracts)

58%

1,9M

Q2 2005

- SEC approval in January 2004- Founding partners: BSE, IB, MX - Other partners: UBS, CSFB, J.P. Morgan, Mongran Stanley, Citadel- Successfull launch in February 2004

52 000

2000

176 606

2004

MX + BOX PLATFORMS ACTIVITY

454 378

July 2005

Average daily volume

2005 AND BEYONDWith a solid platform for growth and diversification, MX is focussing on its core competencies to increase the scope and scale of its operations

2005 AND BEYONDBusiness lines:

• Financial Markets• Clearing• IT Solutions

2005 AND BEYONDFinancial Markets:

The strategy is to meet aggressive growth targets by attracting new market participants from Canada and global financial centres, and building investor demand for our derivatives trading and clearing services.

2005 AND BEYONDClearing:

The strategy is to maintain our Standard & Poor’s AA credit rating, support increased trading volumes and diversify into new markets for risk management services.

2005 AND BEYONDIT Solutions:

The strategy is to expertly manage the advanced information systems that support trading and clearing activities of the MX, as well as services provided to BOX.

CURRENT TRENDS

MX-CCAD2005Luc Bertrand, President and CEO