CSE-Listed Securities & CXC/CX2 Fee Change (02/01)

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January 8, 2021

New! CSE-Listed Securities

Please be advised that from Wednesday, April 4, 2018, all three Nasdaq Canada venues—CXC, CX2, and CXD—made CSE-listed securities available to trade.

The same fee schedules that are currently in place for CXC, CX2, and CXD on TSX-listed securities will apply to CSE-listed securities.

Note: in order to see quotes, the entitlement packages for “CXCCSE” and “CX2CSE” must be enabled in the Metro Entitlements process. Both packages are free.
cx2_cxc_entitlements

CSE Listed Securities available on Aequitas NEO

Please be advised that effective from Friday, February 2, 2018, Aequitas NEO was started to trade on CSE market listed securities.

In PPro8, traders will be able to send orders to both the NEO and LIT books by configuring the new gateway orders in Keyboard Setup.

To see Aequitas LIT (AQL) and NEO (AQN) in Stock Window Level2, traders need to enable their respective entitlement packages. Traders who already have their entitlement packages activated will need to disable and enable the packages.

The fees for executions on Aequitas LIT and NEO will be the same as for executions on TSX and Venture markets.

CSE was already available to trade in TMS from May 25, 2017, with both the CNSX and OMG books supported.

→ New Peg Order Type 

Latest Fee Change

Please be advised that effective Tuesday, February 1, 2022, the CSE will change their trading fee for the below listed TSX and TSXV symbols:

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
XCSEPT or PV or N or 1Add Liquidity on XCSE in TSXV (Over Dollar)0.00040.0018
XCSEPT or PV or N or 1Add Liquidity on XCSE in TSXV (Sub Dollar)0.00040.0008
XCSETT or TV or Y or 2Remove Liquidity on XCSE in TSXV (Over Dollar)-0.0002-0.0014
XCSETT or TV or Y or 2Remove Liquidity on XCSE in TSXV (Sub Dollar)-0.0002-0.0006
XCSEPT or PV or N or 1Add Liquidity on XCSE in TSX (Sub Dollar)0.00040.0008
XCSETT or TV or Y or 2Remove Liquidity on XCSE in TSX (Sub Dollar)-0.0002-0.0006
XCSEPT or PV or N or 1Add odd lot Liquidity on XCSE in TSXV & TSX (Over Dollar)0.00040.0004 (No Change)
XCSETT or TV or Y or 2Remove odd lot Liquidity on XCSE in TSXV & TSX (Over Dollar)-0.0002-0.0003
XCSEPT or PV or N or 1Add odd lot Liquidity on XCSE in TSXV & TSX (Sub Dollar)0.00040.0003
XCSETT or TV or Y or 2Remove odd lot Liquidity on XCSE in TSXV & TSX (Sub Dollar)-0.0002-0.0002 (No Change)

Nasdaq CXC Midpoint Extended Life Order (M-ELO)

Effective Monday, January 18, 2021, we released the new Nasdaq CXC (CHIX) Midpoint Extended Life Order (M-ELO) for Canadian markets.

M-ELO orders will only execute against other M-ELO orders, ensuring the matching of like-minded traders on a broker-neutral exchange. M-ELO orders are non-display and report to the tape as any other midpoint execution.

DTTW™ traders can access this order type by choosing Gateway CHIX and Destination M-ELO in PPro8. The gateway fee for it are, from Thursday, July 1, 2021:

GatewayDestinationLiquidity FlagsDescriptionCurrent FeeNew Fee
CHIXM-ELOLMidpoint Extended Life Order (M-ELO) Over Dollar00.0008
CHIXM-ELOLMidpoint Extended Life Order (M-ELO) Sub Dollar00.0002

For more information on M-ELO, you can refer to the following resources:

  • Midpoint Extended Life Order (M-ELO) (with videos)
  • How Nasdaq’s M-ELO Ecosystem Feeds the Growing Appetite for Canadian Equity Execution Services (article)
  • M-ELO FAQs (PDF)
  • Nasdaq CXC M-ELO 2020 Full Year and Monthly Summary (PowerPoint)
  • Nasdaq CXC M-ELO Total Volume Traded by Symbol 2020 (Excel)

Older changes

Effective Tuesday, September 1, 2020, the CSE will reduce their fees as follows:

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
XCSEPTD or PVDDark Trading – Add liquidity0.000050
XCSEAny except PTD and PVDFlat fee for fill over 40,000 20,000 and price less than $0.1 on TSXV102
XCSEAny except PTD and PVDFlat fee for fill over 20,000 and price over $0.1 on TSXV152
XCSEAny except PTD and PVDFlat fee for fill over 20,000 and price over $1 on TSX152
CSEPCDDark Trading – Add liquidity above $10.00010
CSEPCDDark Trading – Add liquidity below $10.0001 ($5 cap per execution)0

Please be advised that effective Sunday, September 1, 2019,CSE is going to lower their gateway fees as follows:

MarketGatewayLiquidity FlagsDesceriptionCurrent FeeNew Fee
CSECSEPCDDark Trading – Add liquidity above $10.00020.0001
CSECSEPCDDark Trading – Add liquidity below $10.0002 ($5 cap per execution)0.0001 ($5 cap per execution)
TO and VNXCSEPTD or PVDDark Trading-Add liquidity0.00010.00005

Please see the Fee Table or the official Nasdaq website for a complete list of fees.

Effective Tuesday, September 1, 2020, Nasdaq Canada will change their fee on the CXC (CHIX) and CX2 gateways, as follows:

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
CHIXR or Y or r or 2 or DRemove Liquidity between $0.10 and $10.00000.0003
CHIXR or Y or r or 2 or DRemove Liquidity under $0.100.00000.0003
CHIXR or Y or r or 2 or DFor shares over 200,000 and Remove Liquidity under $10.0000Flat $1
CHIXR or Y or r or 2 or DFor shares over 200,000 and Remove Liquidity under $10.0000Flat $1
CHIXA or N or S or 1Add Liquidity between $0.10 and $10.00010
CHIXA or N or S or 1Add Liquidity under $0.100.00010
CX2R or Y or 2Remove Liquidity between $0.10 and $1 on TSX List Symbols-0.0004-0.0002
CX2R or Y or 2Remove Liquidity under $0.10 on TSX List Symbols-0.0004-0.0002
CX2R or Y or 2Remove Liquidity on TSX-V and CSE symbols-0.0004-0.0002

Please be advised that effective , Thursday, August 1, 2019, Nasdaq CXC and CX2 (Canada) are going to lower their entitlements fees, as follows.

Package NamePackage DescriptionNew Price
CXCTOB TONasdaq CXC TSX L114.86 CAD
CXCFULL TONasdaq CXC TSX L235.48 CAD
CXCTOB VNNasdaq CXC Venture L12.37 CAD
CXCFULL VNNasdaq CXC Venture L22.94 CAD
CX2TOB TONasdaq CX2 TSX L15.65 CAD
CX2FULL TONasdaq CX2 TSX L214.41 CAD
CX2TOB VNNasdaq CX2 Venture L12.94 CAD
CX2FULL VNNasdaq CX2 Venture L26.05 CAD

Please be advised that effective tomorrow, Wednesday, May 1, 2019, Nasdaq Canada CX2 will be changing their sub-dollar fee, as follows:

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
CX2A or N or S or 1Add Liquidity under $1 on CX20.0020.0008
CX3R or Y or 2Remove Liquidity under $1 on CX2-0.0014-0.0004

If you have any comments or questions, you can create a mojo.

Regards,

Communications Team


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