Fee Schedule

Trading Fees

MATCHNow^® applies the same fee schedule to all securities, regardless of listing venue.

MATCHNow^® trades TSX listed securities, TSX Venture listed securities, CSE listed securities and NEO Exchange listed securities.

All trading fees are exempt from sales tax (GST/HST and PST/QST)

Non-ETF traded orders at Midpoint and MPI

Subscribers pay the following trading fees for non-ETF traded orders traded at Midpoint and MPI:

Exchange Traded Funds (ETFs)

Subscribers pay the following trading fees for ETF traded orders:

At The Touch

Subscribers pay the following trading fees for orders that trade At The Touch:

All at-the-touch equity security orders need to be “Large” size (orders must be > 50 Standard Trading Units or > $100,000). However, at-the-touch Market Flow equity security orders need to meet the following more restrictive minimums: orders must be (a) > 50 Standard Trading Units and > $30,000 or (b) > $100,000.

Any Canadian equity can be traded at the CBBO.

Orders will need a special FIX tag value to be eligible to trade.

Click here for more information.

For your information, boardlot sizes in Canada are as follows:

Listed Debentures and Listed Notes

(includes .DB, .NT and .IR)

Odd Lots

Subscribers pay the following trading fees for Odd Lot orders:

Conditionals

Conditionals use our regular fee schedule but without the maximum fee/cap.

Set-Up Fees

There is a one time set-up fee of $150 +sales tax and an annual access fee of $250 +sales tax

Market Data and Post Trade Information Fees

Public Feeds (Last Sale Information Only):

Provided by MATCHNow directly via its multicast feed.

Subscribers and Access Vendors are charged a fee of $500 per month +sales tax for a primary and backup multicast feed. End clients of Access Vendors are not charged by MATCHNow.

MATCHNow does not charge any user fees or vendor access fees for public data provided by TMX Information Processor.¹

Private Feeds (Order and Trade Information):

Provided by MATCHNow directly via a FIX connection, it is the primary source of order and trade execution information to be used as a drop copy.

MATCHNow allows for one primary and one backup drop copy feed, per broker free of charge.

Any additional drop copy feed taken either directly by the Subscriber or via an Access Vendor is charged at $500 per month +sales tax

Communication Fees:

Subscribers and Access Vendors that connect to MATCHNow® are responsible for carrier communications costs. TriAct can arrange for network cross connects for Subscribers and Access Vendors for a one time set-up fee of $500+sales tax and on-going monthly fees of $500+sales tax. Networking and cross connects from Toronto Data Centers will be provided by Virtu ITG Canada Corp.

^{1TSX Datalinx and TMX Information Processor may charge access, communication, and set-up fees as outlined in their respective fee schedules.}