January 14, 2025
Equities Notice 2025-004
TMX Equity Trading Notice
TMX Equities Announces Amendments to the TSX Alpha Fee Schedule (Alpha-X and Alpha DRK)
TMX Equities is advising clients that the TSX Alpha Exchange ("Alpha") trading fee schedule will be amended, effective February 3, 2025, subject to regulatory approval. The amendments relate to certain fees and rebates payable regarding Alpha-X and Alpha DRK as set out below.
Alpha-X
| Alpha-X | Where trade price per share is: | ||
| Order Type | <$1.00 | ≥$1.00 ETFs | ≥$1.00 Non-ETFs |
|
Order Removing Liquidity (No changes) |
$0.0004 | $0.0012 | $0.0012 |
| Order Providing Liquidity – Smart Limit ( Current Fee) | $0 | $0 | $0 |
| Order Providing Liquidity – Smart Limit ( Proposed Rebate) | ($0.0002) | ($0.0004) | ($0.0004) |
| Order Providing Liquidity – All Other ( Current Rebate) | ($0.0002) | ($0.0006) | ($0.0006) |
| Order Providing Liquidity – All Other ( Proposed Rebate) | ($0.0003) | ($0.0008) | ($0.0008) |
Alpha DRK
| Alpha DRK | Where trade price per share is: | ||
| Order Type | <$1.00 | ≥$1.00 ETFs | ≥$1.00 Non-ETFs |
|
Order Removing Liquidity (No changes) |
$0.0001 | $0.0004 | $0.0004 |
| Order Providing Liquidity – Smart Peg ( Current Fee) | $0.0002 | $0.0010 | $0.0010 |
| Order Providing Liquidity – Smart Peg ( Proposed Fee) | $0.0002 | $0.0006 | $0.0006 |
| Order Providing Liquidity – All Other ( Current Fee) | $0.0001 | $0.0004 | $0.0004 |
| Order Providing Liquidity – All Other ( Proposed Fee) | $0.0001 | $0.0002 | $0.0002 |
The updated Alpha Trading Fee Schedule will be made available here .
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