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 Aequitas 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:
|Stock Price||Trade Type||Trading Fee||Maximum Fee|
|$5.00 and over||2-sided trade||$0.0010 / share / side||$10 / side|
|$1.00 to $4.99||2-sided trade||$0.0005 / share / side||$10 / side|
|Under $1.00||2-sided trade||$0.0001 / share / side||$5 / side|
|Unintentional Cross $1.00 and over||Cross||Free||N/A|
|Unintentional Cross under $1.00||Cross||Free||N/A|
Exchange Traded Fund (ETF)
Subscribers pay the following trading fees for Exchange Traded Fund (ETF) traded orders:
|Market Flow (Active)||$0.0005 / share|
|Market Flow (Active)
For Liquidity to Liquidity (mid point), both sides are free, even for trades amongst brokers
At The CBBO
Subscribers pay the following trading fees for orders that trade At The CBBO:
|Destination||Trading Fee||Maximum Fee|
|Under $1||$0.0001 / share / side||$3 / side|
|$1 and over||$0.0002 / share / side||N/A|
Orders must be ≥ 51 Standard Trading Units or > $100,000 CAD in value to trade at the CBBO.
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:
|Share Price||Boardlot Size|
|$0 – 0.095||1000 Shares|
|$0.10 – 0.99||500 Shares|
|$1.00 or more||100 Shares|
Listed Debentures and Listed Notes
(includes .DB, .NT and .IR)
|Destination||Trade Type||Trading Fee|
|Market Flow (Active)||2-Sided Trade||$0.02 per $1000 value / Side|
|Liquidity (Passive)||2-Sided Trade||$0.02 per $1000 value / Side|
Subscribers pay the following trading fees for Odd Lot orders:
|Market Flow (Active)||Free|
|Odd Lot (Passive)||Free|
Trading fees are exempt from GST/HST (CRA Case Number: 135513).
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 Fee
Public Feeds (Last Sale Information Only):
Provided by TSX Datalinx and TMX Information Processor. TriAct does not charge any user fees
or vendor access fees for public data provided by TSX Datalinx or TMX Information Processor.1
Private Feeds (Order and Trade Information):
Provided by TSX Datalinx and is the primary source of order and trade execution to be used as a drop copy. TriAct does not charge any user fees or vendor access fees for private data provided by TSX Datalinx.2
Settlement and Clearing Feeds:
TriAct at the request of a subscriber or access vendor will build custom Fix protocol post trade drop copies for clearing and settlement for multiple connections at a cost of $750+GST/HST per month.
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 ITG Canada Corp.
1TSX Datalinx and TMX Information Processor may charge access, communication, and set-up fees as outlined in their respective fee schedules.
2TSX Datalinx may charge access, communication, and set-up fees as outlined in their fee schedules.