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.

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 Fund (ETF)

Subscribers pay the following trading fees for Exchange Traded Funds (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:

Trading fees are exempt from GST/HST (CRA Case Number: 135513).

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 +GST/HST and an annual access fee of $250 +GST/HST

Market Data and Post Trade Information Fees

Public Feeds (Last Sale Information Only):

Provided by MATCHNow directly via its multicast feed or via the TMX Information Processor.

Subscribers and vendors are charged a fee of $500 per month +GST/HST for a primary and backup multicast feed. End client’s of 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 a vendor is charged at $500 per month +GST/HST

Communication Fees:

Access vendors that connect to MATCHNow® are responsible for carrier communications costs. TriAct can arrange for network cross connects for access vendors for a one time set-up fee of $500+GST/HST and on-going monthly fees of $500+GST/HST. Networking and cross connects from Toronto Data Centres 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.}