11 If the round lot portion of a mixed lot order is fully filled in the Opening Auction, the odd lot portion of the order is auto-executed at the opposite side of the Protected NBBO immediately following the Opening Auction. If the Protected NBBO is locked or crossed, odd lot matched is suspended until the Protected NBBO is no longer locked or crossed. Undisclosed portions of iceberg orders have the same priority as disclosed portions. If during the opening allocation, the displayed portion of an iceberg order partially trades, its remaining displayed volume retains priority after the opening. There is no distinction between Active or Passive orders during the Opening Allocation. Please refer to the TSX Markets Fee Schedule posted on the TMX website for more information on opening fees. On the TSX, Must Be Filled (MBF) orders for option expiry are treated the same as any other regular market priced order in the opening and the MBF marker is not publicized on any of these orders. Example: Opening Allocation Assume at 9:30 a.m., the following orders exist in the system: Previous Day’s Close price: $10.02 BID OFFER Order # Broker Quantity Price Price Quantity Broker Order # 001 A 1,000 10.00 MKT 200 79 002 003 B 200 9.99 9.99 500 79 004 005 C 200 9.99 10.00 100 80 006 10.01 100 2 007 The following trades are allocated in the following order: TRADE Buy Order # Sell Order # Volume Price 1 001 002 200 $10.00 2 001 004 500 $10.00 3 001 006 100 $10.00 Resulting order book: BID OFFER Order # Broker Quantity Price Price Quantity Broker Order # 001 A 100 10.00 10.01 100 2 007 003 B 200 9.99 005 C 200 9.99
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