We are pleased to announce that effective from, Wednesday, February 28, 2018, we released the following New Peg (Dark) order types for the CSE/PURE gateways in Canadian markets.
Orders are pegged to the Mid-Point of the NBBO. Orders must cross the NBBO or the order will get cancelled back by CSE as the price is not aggressive enough.
Orders will be pegged to the NBBO with buy orders being pegged one tick inside the offer and sell orders being pegged one tick inside the bid.
What are Per Orders?
Peg orders on the CSE are dark orders and can only trade with visible orders. Peg orders are always passive.
August 14, 2018 Update
Effective from Tuesday, August 14, 2018, the PURE gateway has been renamed CSE on both the TSX and Venture exchanges.
The gateway behavior remains the same, except that in PPro8 it now appears with the CSE MPID in Stock Window and as the destination XCSE in Keyboard Setup.
For more information, please read the CSE Order Types and Functionality document.