兔子先生

May 25, 2023
Equities Notice 2023-019

TMX Group

TMX Equity Trading Notice

TMX Equities Announces Amendments to the Alpha and TSX Trading Fee Schedules

TMX Equities is advising clients that the trading fee schedules for each of TSX Alpha Exchange ("Alpha") and 兔子先生 ("TSX") will be amended, effective June 1, 2023. Please see below for a summary of the amendments made.

Alpha Fee Changes

 

Alpha has amended its trading fee schedule in both the over and under $1 trading categories, as applicable, as follows:

 

Alpha Continuous Trades (Equity & ETFs):

 

Where trade price is <$1.00

Current Rebate*/Fee

Rebate/Fee Effective June 1, 2023

Removing liquidity

Retail

($0.0004)

($0.0007)

All other

($0.0001)

($0.0007)

Providing Liquidity

Post Only

$0.0007

$0.0011

Non-Post Only

$0.0005

$0.0011

ETF Unintentional Cross Rates

$0.0001 per share

Free

*The value in brackets represents rebates.

 

Odd Lot Fill (Equity & ETFs):

 

Current Fee

(applies where trades are auto-executed against the Odd Lot Dealer during Post-Open Continuous trading)

Fee Effective June 1, 2023

(applies to all odd-lot trades)

$0.0005 per share where trade price is $1 or over

Free

$0.00025 per share where trade price is under $1

Free

The updated Alpha Trading Fee Schedule will be made available here.

 

TSX Fee Changes

 

TSX has amended its trading fee schedule with respect to the fees charged for TSX Post-Open Continuous DRK Trades in ETFs as follows:

 

Dark Order Volume (excl. CMO+ and Conditional) - ETFs:

 

Where trade price per share is:

$1.00 - $4.99

≥$5.00

$1.00 - $4.99

≥$5.00

$1.00 - $4.99

≥$5.00

$1.00 - $4.99

≥$5.00

Current Fees

Fees Effective June 1, 2023

Current Cap on Fees

Cap on Fees Effective June 1, 2023

(Max / trade / side)

Removing:

-with SDL or pegged IOC/FOK

$0.0002

$0.0004

$0.0001

$0.0003

$5

$5

$5

$5

-with other Dark order

$0.0010

$0.0010

$0.0001

$0.0003

No cap

No cap

$5

$5

-with other Dark order (Retail)

$0.0010

$0.0010

$0.0001

$0.0003

No cap

No cap

$5

$5

Providing:

-with PDL order

$0.0004

$0.0008

$0.0001

$0.0003

$10

$10

$5

$5

 

DRK ETF Unintentional Cross Rates:

 

Current Fee

Fee Effective June 1, 2023

Unintentional crosses are billed according to fees for Post-Open Continuous trades.

For post-open continuous DRK Trades in ETFs, there is no charge for unintentional crosses.

 

The updated TSX Trading Fee Schedule will be made available here.

For more information regarding this notice, please contact the Account Management Team.