April 3, 2025
Equities Notice 2025-012
TMX Equity Trading Notice
Proposed Amendments to Minimum Interaction Size and Minimum Quantity Features - Request for Comment
TMX Equities Trading is pleased to announce proposed amendments to the Minimum Interaction Size ("MIS") and Minimum Quantity ("MinQty") features for each of Toronto Stock Exchange ("TSX"), TSX Alpha Exchange ("Alpha"), and TSX Venture Exchange ("TSXV") (the dark books only), as described in the Notice of Proposed Amendments and Request for Comments for each of TSX, Alpha, and TSXV published here. The proposed amendments aim to enhance the overall effectiveness and predictability of trade executions when using the MIS and/or MinQty features.
Each of the Exchanges has filed an application with the applicable securities commission relating to the proposed amendments. Participants are encouraged to provide their feedback on the proposed amendments. The public comment period ends on May 5, 2025.
The proposed amendments are expected to be implemented in Q2 2025, subject to regulatory approval.
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