Trading and Access Fees

Effective April 3, 2017

CSE Listed Securities (Including Rights and Warrants)

Price per Share Active Fee Passive Fee
Less than $0.10 $0.00004 with a cap of $15 $0.00004 with a cap of $15
$0.10 - $0.99 $0.00008 $0.00008
Equal to or greater than $1.00 $0.0002 $0.0002

TSX-V Listed Securities (Including Rights and Warrants)

Price per Share Active Fee/Rebate Passive Fee
Less than $0.10

-$0.0002

A flat fee of $10 for

volume>=400,000 shares

$0.0004

A flat fee of $10 for

volume>=400,000 shares

Equal to or greater than $0.10

-$0.0002

A flat fee of $15 for

volume>=200,000 shares

$0.0004

A flat fee of $15 for

volume>=200,000 shares

TSX Listed Securities (Including Rights and Warrants)

Price per Share Active Rebate Passive Fee
Less than $1.00 -$0.0002 $0.0004
Equal to or greater than $1.00 -$0.0014 $0.0018

Trades occurring in the market-on-open facility will have each side designated as active or passive, according to time priority, and will either be charged a fee or earn a rebate on the same terms as in the continuous auction market.

 Debentures or Notes (Par $1,000 Par Value)

  Active Fee Passive Rebate
CSE Listed $0.09 -$0.07
TSX and TSX-V Listed $0.09 -$0.08

CSE Listed Government Bonds

A flat fee of $9.75 per side per trade
 

 Oddlot Trading

  Active Fee/Rebate Passive Fee
CSE Listed $0.0002 $0.0002

TSX and TSX-V Listed

-$0.0002 $0.0004

 Unintentional Cross

  Active Fee Passive Fee
CSE Listed Subject to a fee or rebate Subject to a fee or rebate

TSX and TSX-V Listed

(With Trader IDs Filed)

No charge No charge

TSX and TSX-V Listed

(With No Trader IDs Filed)

Subject to a fee or rebate Subject to a fee or rebate

Market Maker

Trades by Market Makers in assigned securities are subject to the following fees:

  Active Fee/Rebate Passive Fee
TSX Listed Securities trading for less than $1.00 -$0.0002 $0.0004
TSX Listed Securities trading at $1.00 and above -$0.0014 $0.0016
TSX-V Listed Securities trading for less than $0.10

-$0.0002

A flat fee of $10 for

volume>=400,000 shares

$0.0004

A flat fee of $10 for

volume>=400,000 shares

TSX-V Listed Securities trading at $0.10 and above

-$0.0002

A flat fee of $15 for

volume>=200,000 shares

$0.0004

A flat fee of $15 for

volume>=200,000 shares

TSX and TSX-V Listed Securities Oddlot Trades -$0.0002 $0.0004
CSE Listed Securities (Including Oddlot Trades) No charge No charge

A $5.00 per symbol credit per month will be issued to Market Makers on their assigned CSE listed securities.

*Effective December 1, 2017, a $20 per symbol credit per month will be issued to oddlot Market Makers on their assigned CSE listed securities.
 

Access Fee

Each CSE Dealer is charged a monthly participation fee of $500.  

 

Dealer Application Fee

Upon approval each CSE Dealer is charged a one-time fee of $2,500.

 

General

The active side of a trade is an incoming order that executes against an already-existing order and thereby takes liquidity from the market, and the passive side of a trade is the order that rests in the order book and provides liquidity to the market.

Intentional crosses will neither be charged a fee nor earn a rebate until further notice.

There is no minimum monthly trading fee and it is expected that some dealers will earn a rebate from the CSE. For those who prefer, dealers may elect to defer realizing their rebates and instead preserve same as a rolling credit against future fee payments otherwise due to the CSE.

The fees and rebates described above are subject to change.

Market Access Fees

Service Fee Description
Gateway Market Access $3,000 per month

FIX Order Entry, FIX Certification, Gateway Test Environment, Session Bundles, Drop Copies/Broadcast Feed, Weekend Tests, 1 and 10 Gb Connectivity at Q9 Systems and Equinix data centres.

Note:

1. Subject to system availability, no restriction on the number of Order Entry connections.

2. End User fees apply for the distribution of Market Information.

Additional Connection $500 per month Per additional primary and back-up connection