Notice 2018-011 - CSE Trading Fee Schedule
Notices
Notice 2018-011 - CSE Trading Fee Schedule
December 20, 2018
The Canadian Securities Exchange announces changes to its trading fee schedule that will take effect on January 1, 2019.
1. Flat Fee
The current flat fee model used for TSX-V listed securities is being expanded to TSX listed securities.
For TSX listed securities trading below $1.00, a flat fee of $15 will apply to each side of a trade that is greater than or equal to 200,000 shares.
|
Current Fee |
New Fee |
|||
|
|
Active Rebate |
Passive Fee |
Active Rebate/Fee |
Passive Fee |
|
TSX listed securities trading less than $1.00 |
-$0.0002 |
$0.0004 |
-$0.0002 A flat fee of $15 for volume>= 200,000 shares |
$0.0004 A flat fee of $15 for volume>= 200,000 shares |
2. Monthly Tier Credit - Top of Book (TOB)
Tier credits will be provided for TSX-listed securities trading equal to or greater than $1.00. A Trader ID or a Trader ID Group with orders that reach the stated target percentage of time at the NBBO on a per symbol basis will be awarded fee credits based on all of their eligible passive trades on that symbol for the month. Eligible passive trades means passives trades excluding intentional crosses, registered unintentional crosses, odd-lot trades, flat fee trades and dark trading volumes.
Non Market Makers
|
|
|
Passive Fee |
|
Current Fee |
Equal to or greater than $1.00 |
$0.0018 |
|
New Fee - Tier 1 |
Equal to or greater than $1.00 >=15% TOB (NBB or NBO) on either side – average for the month |
$0.0017 |
|
New Fee - Tier 2 |
Equal to or greater than $1.00 >=15% TOB (NBB or NBO) on each side or >=30% in total for both sides combined – average for the month |
$0.0016 |
Market Makers
|
|
|
Passive Fee |
|
Current Fee |
Equal to or greater than $1.00 |
$0.0016 |
|
New Fee - Tier 1 |
Equal to or greater than $1.00 >=15% TOB (NBB or NBO) on either side – average for the month |
$0.0015 |
|
New Fee - Tier 2 |
Equal to or greater than $1.00 >=15% TOB (NBB or NBO) on each side or >=30% in total for both sides combined – average for the month |
$0.0014 |
Percentage time at the NBB/NBO = (total amount of time at the NBB/NBO) divided by (the total amount of trading time for the month). Trading time is measured from 9:30 am EST to 4:00 pm EST (6.5 hours).
Quick link:
If you have any questions or require further information, please contact:
trading@thecse.com
416.367.7347
www.thecse.com
