December 19, 2024
Equities Notice 2024-038
TMX Equity Trading Notice
Proposed Amendments to Price Improvement of Certain Dark Orders - Request for Comment
TMX Equities Trading is proposing certain amendments to the price improvement methodology of certain dark order types for each of Toronto Stock Exchange ("TSX"), TSX Alpha Exchange ("Alpha"), and TSX Venture Exchange ("TSXV" and together with TSX and Alpha, the "Exchanges").
Each of the Exchanges has filed an application with the applicable securities commission relating to the proposed amendments, and a Notice of Proposed Amendments and Request for Comments for each of TSX, Alpha, and TSXV has been published here. The proposed amendments provide for price improvement as permitted by Universal Market Integrity Rules. Participants are encouraged to provide their feedback on the proposed amendments. The public comment period ends on January 20, 2025.
The proposed amendments are expected to be implemented in Q1 2025, subject to regulatory approval.
For more information regarding this notice, please contact the Account Management Team.
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