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:
|Stock Price||Trade Type||Trading Fee||Maximum Fee|
|$5.00 and over||2-sided trade||$0.0010 / share / side||$10 / side|
|$1.00 to $4.995||2-sided trade||$0.0005 / share / side||$10 / side|
|$0.995 and under||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 Funds (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 Touch
Subscribers pay the following trading fees for orders that trade At The Touch:
|Stock Price||Trading Fee||Maximum Fee|
|Under $1||$0.0001 / share / side||$3 / side|
|$1 and over||$0.0002 / share / side||N/A|
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:
|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 par value / Side|
|Liquidity (Passive)||2-Sided Trade||$0.02 per $1000 par value / Side|
Subscribers pay the following trading fees for Odd Lot orders:
|Market Flow (Active)||Free|
Trading fees are exempt from GST/HST (CRA Case Number: 135513).
Conditionals use our regular fee schedule but without the maximum fee/cap.
|Stock Price||Trade Type||Trading Fee|
|$5.00 and over||2-sided trade||$0.0010 / share / side|
|$1.00 to under $4.995||2-sided trade||$0.0005 / share / side|
|$0.995 and under||2-sided trade||$0.0001 / share / side|
|Listed Debentures/Notes||2-sided trade||$0.02 per $1,000 par value / side|
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
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.