12 ETF Market Maker Passive % of CDN Volume (per each assignment) Points TSX Minimum% Time at NBBO (per each assignment) Points 2% 1 92% 1 2.5% 2 93% 2 3% 3 94% 3 3.5% 4 95% 4 4% 5 96% 5 5% 6 97% 6 A Market Maker’s % of the total amount of points awarded to all Market Makers across all Tier A assignments will determine their % received of Tier A Bonus Incentive Pool. 3.2 Corporate Equities 3.2.1 Performance Obligations – Stock Level The performance of both Market Makers is measured at the security level without specific focus on the contribution that the Market Makers make on each security. For each assigned security, Market Makers must collectively meet the established service levels for all of the following five performance criteria (each, a “Performance Obligation”) on a monthly basis in order for each Market Maker to be deemed as performing for that month. The specific service levels or parameters for each Performance Obligation are established at the time of security assignment either through the bidding process, or in accordance with Appendix A - Performance Guidelines. Each month, TSX provides Market Makers with performance reports showing the performance of the Market Maker that month. To better assist Market Makers with monitoring their progress, daily performance reports are also provided for all securities of responsibility. This provides an early warning if a security is at risk of failing for the month and allows the Market Makers to take corrective action. Symbol performance is also shared with issuers via the TSX InfoSuite platform, a complimentary market data and shareholder solution for TSX and TSXV listed companies. This information includes: actual symbol level metrics, the top liquidity providers and takers for the issuer’s security, as well as trade information of the security. This information, based on publicly disclosed end of day quote and trade data, is provided to issuers for informational purposes only and does not reflect the Market Maker’s monthly performance. A sample of the TSX InfoSuite display for illustrative purposes is set out in Appendix C – Performance Reports
RkJQdWJsaXNoZXIy MjgzMzQ=