Historical

1975
The Montreal Options Clearing Corporation ("MOCC") is incorporated on July 11 to act as the clearing facility for options traded on the Montreal Exchange.

The Canadian Clearing Corporation for Options Limited ("CCCO") was incorporated on September 29 for options traded on the Toronto Stock Exchange.

1976
The Montreal and Toronto clearinghouses merge on April 7 to form Trans Canada Options Inc. ("TCO").

1981
TCO options are authorized for trading in the United States.

1983
The Vancouver Stock Exchange purchases one-third of the clearinghouse. The clearinghouse is reorganized as an autonomous service organization, independent of the Shareholder Exchanges with a full-time Chairman and a new Board of Directors.

1985
TCO acquires Intermarket Services Inc. and clears futures for the Toronto Futures Exchange.

1995
Clearing fees are reduced by 34%. TCO declares a rebate to members for the first time in its history.

1996
TCO changes its name to Canadian Derivatives Clearing Corporation ("CDCC").

1997
The Vancouver Stock Exchange sells its share in CDCC to the Montreal and Toronto exchanges.

1998
CDCC achieves its highest ever annual contract volume of 14.76 million.

1999
CDCC begins providing clearing services to the Winnipeg Commodity Exchange ("WCE") through the WCE Clearing Corporation.

2000
CDCC becomes a wholly-owned subsidiary of Bourse de Montréal Inc.

2002
CDCC is assigned an "AA" rating by Standard & Poor's. This rating reflects the CDCC's prudent risk management policies and procedures that protect the clearinghouse from abnormal market conditions.