TSX Alpha Exchange Fee Schedule
Effective June 1, 2016
- TSX Alpha Exchange Membership Fees1
Initial Application Fee: $3,000 Monthly Membership Fee: $1,250
1 Initial application fees for new members and monthly membership fees are subject to GST/HST.
- Trading Fees2
Cross Printing Facility: Free
Unintentional crosses are billed according to fees for Post-Open Continuous trades
Odd Lot Fill: $0.00025 per share where trade price is under $1
$0.0005 per share where trade price is $1 or over
Applies to trades auto-executed against the Odd Lot Dealer during Post-Open Continuous trading
TSX Alpha Exchange Continuous Trades:3
Where trade price per share is:
<$1.00 ≥$1.00 Removing liquidity ($0.0006) ($0.0010) Providing liquidity - Post Only $0.0012 $0.0016 Providing liquidity - Non-Post Only $0.0010 $0.0014
TSX Alpha Exchange Odd Lot Dealer Trading Fees on Symbols of Responsibility:
(Schedule 1 to the Odd Lot Dealer Agreement)
Odd Lot Fill: ($0.0000) per share
Rate applies to liquidity provided against auto-execution of odd lots during Post-Open Continuous Trading.
All other trading by Odd Lot Dealers charged at the regular rates applicable to trading by all TSX Alpha Exchange Members.
2 Other than as otherwise noted, TSX Alpha Exchange Trading Fees are GST/HST exempt.
3 Rates are based on share volume executed, including for executions resulting from matches through Self Trade Management. A firm-wide net credit for Post-Open Continuous trades will first be applied to offset the firm's other trading charges. Any remaining net credit will be paid out to the firm.
- Common Technology and Other Fees
(Monthly Charges, except as otherwise stated)4,5
Product Applicable to Each of TSX, TSXV, TSXA 1 Gb Connectivity (Demarcation)6 No Charge 10 Gb Connectivity (Demarcation)6 $1,500 for first primary connection
$1,000 for additional primary connection
$1,000 for disaster recovery connection
New FIX certification $3,000 (one-time) Session bundle set-up $500 per bundle (one-time)
Product Applicable to Each of TSX, TSXV, TSXA General Test Environment (GTE) only $2,000 Base amount for weekend tests $2,500 per test
Broadcast Feed Fees
Product - Broadcast Feeds6, 7 TSX TSXV TSX Alpha Exchange Participating Organization / Member – Internal Use License Fees8 Direct – public and own private content $3,000 $2,000 $2,000 Direct – own private content only $600 $400 $400 Indirect – own private content only $400 $250 $250 Vendor – External Use License Fee9 Public and private content $5,500 $4,000 $4,000 Private content only $1,500 $1,000 $1,000 Fee per decryption key / decrypted feed received (by key / for each Participating Organization / Member represented in decrypted private content) $150 $100 $100
4 Technology, testing and broadcast feed fees are subject to GST/HST
5 'Common Technology and Other Fees' apply with respect to access to the common TMX equities marketplace network infrastructure whether accessing one or all of the TMX equities marketplaces. The ‘General Test Environment (GTE) only' fees similarly provide for access to the test environment for all TMX equities marketplaces.
6 Vendor and participating organization / member are responsible for carrier communication costs.
7 All uses of broadcast feeds must be approved by TSX / TSXV / TSX Alpha Exchange in accordance with the terms of the applicable agreement(s). Additional fees may apply under the TMX Datalinx Market Data Distribution Rates and TSX Alpha Exchange Market Data Fees fee schedules, as applicable.
8 Broadcast feed fees applicable to Participating Organizations / Members generally apply where the Participating Organization / Member is directly receiving a broadcast feed for internal use or where directly or indirectly receiving feed containing Participating Organization's / Member's own private content for internal use, as applicable. A Participating Organization / Member in receipt of a decryption key / feeds of decrypted private content pertaining to another Participating Organization / Member will be considered a Vendor for the purposes of the fee schedule.
9 Broadcast feed fees applicable to vendors generally apply where directly receiving a broadcast feed for redistribution and/or where in receipt of a decryption key pertaining to the private content of a third party or in receipt of a feed containing the decrypted private content of a third party.