TSX DRK Liquidity Guide

33 ID Order Type Volume Bid Offer Volume Order Type ID A Displayed Limit 1000 10.00 10.01 1000 Displayed Limit B Action: Order C, Dark Buy Primary Peg of 500 @ 10.05, passive offset of 2 is entered. Result: Order C is assigned a limit of 10.05 and executable price of 9.98. Updated Book NBBO: (10.00, 10.01) ID Order Type Volume Bid Offer Volume Order Type ID A Displayed Limit 1000 10.00 10.01 1000 Displayed Limit B C Primary Peg -2 500 9.98 14.1.9 Pricing Aggressive Primary Peg Sell-Side Large Order Calculating the limit and executable price for an aggressive Primary Peg sell order, entered into the book with a five-tick spread. The order interacts with the contra-side order and fills in full. NBBO = (10.00, 10.05) ID Order Type Volume Bid Offer Volume Order Type ID A Displayed Limit 10000 10.00 10.05 10000 Displayed Limit B Action: Order C, Dark Sell Primary Peg of 5100 @ 10.00, aggressive offset of 5 is entered. Result: Order C is assigned a limit and executable price of 10.00. Order C interacts with Order A, filling in full at 10.00. Updated Book NBBO: (10.00, 10.05) ID Order Type Volume Bid Offer Volume Order Type ID A Displayed Limit 10000 10.00 10.00 5100 Primary Peg -5 C A Displayed Limit 4900 10.00 10.05 10000 Displayed Limit B 14.1.10 Pricing MPI Buy-Side Order Calculating the limit and executable price for a MPI Peg buy order, entered into the book with a two-tick spread. The order does not interact with contra-side orders and remains in the book at the determined limit price. NBBO = (10.00, 10.02) ID Order Type Volume Bid Offer Volume Order Type ID A Displayed Limit 1000 10.00 10.02 1000 Displayed Limit B Action: Order C, Dark Buy MPI Peg of 500 @ 10.04 is entered.

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