TSX DRK and Select Vantage Order Flow

Dear Manager,

Since the launch and promotion of the TSX DRK dark pool, Select Vantage has become a major contributor to the venue. TSX DRK has been building momentum in the dark space month after month, with continued growth in ADV and market share.

February was their strongest month yet, and March is shaping up to build on those successes even more.

Select Vantage has been a major contributor to DRK by being an early implementer and continuous user of their SDL order type.

Monday, March 9, 2020, had a record high daily volume at 45,994,500 shares traded with 32% of dark trading taking place on TSX DRK (MATCHNOW 50%, CXD 15%)
Overall, February 2020 reached record monthly high ADV at 15,679,111 shares traded
Select Vantage has seen a huge jump in march with the SDL active order type, hitting 892,600 in volume

Page Contents

TSX Alpha Fee Change

Please be advised that effective Friday, April 1, 2022, the TSX has changed their fees, the details are as follows:

Gateway	Liquidity Flags	Description	Current Fee	New Fee
TSX	P or N or 1	Add Liquidity under $0.10 on TSX & TSXV	0.000025	0
TSX	P or N or 1	Add Liquidity between $0.10 and & $1 on TSX & TSXV	0.000075	0
TSX	A or Y or 2	Remove Liquidity under $0.10 on TSX & TSXV	0.000025	0.0002
TSX	A or Y or 2	Remove Liquidity between $0.10 and & $1 on TSX & TSXV	0.000075	0.0002
TSX	P or N or 1	Add Liquidity under $ 1 on TSX & TSXV (Odd Lot)	N/A	0.00025
TSX	A or Y or 2	Remove Liquidity under $ 1 on TSX & TSXV (Odd Lot)	N/A	0.00025
TSX (Dark)	P or N	Add Liquidity under $0.10 on TSX & TSXV Dark	0.000025	0
TSX (Dark)	P or N	Add Liquidity between $0.10 and & $1 on TSX & TSXV Dark	0.000075	0
TSX (Dark)	A or Y	Remove Liquidity under $0.10 on TSX & TSXV Dark	0.000025	0.0002
TSX (Dark)	A or Y	Remove Liquidity between $0.10 and & $1 on TSX & TSXV Dark	0.000075	0.0002

Please note that PPro8 began to charge these new fees from Monday, April 11, 2022.

Older Changes

Please be advised that effective tomorrow, Wednesday, May 1, 2019, the TSX Alpha Exchange will be changing their fees, as follows:

Gateway	Liquidity Flags	Description	Current Fee	New Fee
ALPHA	P or N or 1	Add Liquidity on ALPH for ETFs	0.0013	0.0004
ALPHA	P or N or 2	Add Liquidity on ALPH for Non-ETFs	0.0014	0.0023
ALPHA	P or N or 2	Add Liquidity under $1 on ALPH	0.0014	0.0004
ALPHA	A or Y or 2	Remove Liquidity on ALPH for ETFs	-0.001	0
ALPHA	A or Y or 3	Remove Liquidity on ALPH for Non-ETFs	-0.001	Unchanged
ALPHA	A or Y or 4	Remove Liquidity under $1 on ALPH	-0.001	-0.0001

Previous Update (October 1, 2017)

Alpha was lowering their entitlement cost as below.

Alpha Entitlements
Description	Current Price	New Price
ALPHA (ALB) L2 Book on TSX/VN symbols. Partially subsidized by DTTW™. 13% HST tax included in price.	35 CAD	20 CAD

*Entitlements will continue to be partially subsidized by DTTW™.

Communications Team

*Remember to visit our PPro8 Wiki and Knowledge Base to learn more.