I love investing in futures exchanges for the reasons enumerated in the following WSJ article: http://online.wsj.com/article/SB117435653044442314.html?mod=yahoo_hs&ru=yahoo
primary Canadian futures exchange--the Montreal Futures Exchange, which is expected to occur either this month or next month. A preliminary prospectus has been filed, which is available on the MFE's website in the "investors" sections, and the MFE's growth has been superb, commensurate with the US and European futures exchanges. Of course the rub is what the share price will be. I am hoping for a Canadian discount.

Link to website site: http://www.m-x.ca/accueil_en.php
Link to IR section of website (prospectus): http://www.m-x.ca/com_presse_en.php

The MFE even has its own Wikipedia entry: http://en.wikipedia.org/wiki/Montreal_Stock_Exchange

I found the 1999 treaty amongst the various Canadian exchanges quite interesting (Wikipedia):

"In 1999, the Vancouver, Alberta, Toronto and Montreal exchanges agreed to restructure the Canadian capital markets along the lines of market specialization, resulting in the Montreal Exchange assuming the position of Canadian Derivatives Exchange for the following 10 years. Trading in the shares of large companies was transferred to the Toronto Stock Exchange (TSX), and in the trading of smaller companies to the new TSX Venture Exchange. This change, which reflected the economic reality that most equity trading had moved to the TSE, caused consternation among those in favour of political independence for the province of Quebec."

Puck