Notice 2019-004 - CSE Trading Fee Schedule
August 22, 2019
The Canadian Securities Exchange announces changes to its trading fee schedule that will take effect on September 1, 2019.
1. Dark Trading Fee
Non Market Makers
| Current Passive Fee | New Passive Fee | |
|
CSE Listed
|
$0.0002 with a $5 cap $0.0002 |
$0.0001 with a $5 cap $0.0001 |
| TSX-V and TSX Listed | $0.0001 | $0.00005 |
Market Makers
| Current Passive Fee | New Passive Fee | |
|
CSE Listed
|
$0.0002 with a $5 cap $0.0002 |
No charge No charge |
| TSX-V and TSX Listed | $0.0001 | No charge |
2. Market Maker - TSX-V Listed Securities
| Current Passive Fee | New Passive Fee | |
|
Less than $0.10 |
$0.0004 A flat fee of $10 for volume>=400,000 shares |
$0.0002 A flat fee of $10 for volume>=400,000 shares |
| Equal to or greater than $0.10 |
$0.0004
A flat fee of $15 for volume>=200,000 shares |
$0.0002
A flat fee of $15 for volume>=200,000 shares |
3. Monthly Tier Credit - Top of Book (TOB)
The tier credits currently in place for TSX Listed securities will be extended to include TSX-V Listed securities. Trading TOB fee credits are awarded on a per symbol basis and are applied to all eligible passive trades on a monthly basis from a Trader ID or a Trader ID Group reaching the stated target percentage of time at the NBBO. Intentional crosses, registered unintentional crosses, odd-lot trades, flat fee trades and dark trading volumes are excluded from the eligible passive trades and do not qualify for the credits.
Non Market Makers
| Current Passive Fee | New Passive Fee | |
|
TSX-V Listed
|
$0.0004 |
$0.0003 |
Market Makers
| Current Passive Fee | New Passive Fee | |
| TSX-V Listed | $0.0004 | $0.0002 |
|
TSX-V Listed
|
$0.0004 |
$0.0001 |
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).
4. CSE Listed Securities Monthly Tier Credits - Top Volume Performance
Credits will be applied for trading in CSE Listed securities with a share price equal to or greater than $1.00. The credit is applied per symbol to eligible passive trades for the trader with the greatest trading volume. The trader must achieve a monthly minimum volume of 10% of the CSE total volume in that symbol. Intentional crosses, registered unintentional crosses, odd-lot trades, flat fee trades and dark trading volumes are not eligible for this Tier Credit Program.
Non Market Makers
| Current Passive Fee | New Passive Fee | |
|
CSE Listed Securities trading equal to or greater than $1.00 The trader with greatest trading volume and achieving a minimum volume of 10% of the CSE total volume for the month |
$0.0002 |
$0.0001 |
Quick link:
If you have any questions or require further information, please contact:
[email protected]
416.367.7347
www.thecse.com
