Order Types and Functionality Guide

17 3. MOC Market Orders shall trade with the offsetting limit orders (LOC, Pegged LOC, DRK, or disclosed volume of continuous visible orders) entered by the same PO, according to price/time priority, provided that neither order is an unattributed or jitney order; then 4. MOC Market Orders shall trade with offsetting limit orders (LOC, Pegged LOC, DRK, or CLOB) according to price/time priority; then 5. LOC / Pegged LOC / disclosed volume of continuous limit orders shall trade with offsetting limit orders (LOC, Pegged LOC, DRK, or disclosed volume of continuous lit orders) entered by the same PO, according to price/time priority, provided that neither order is an unattributed or jitney order; then 6. LOC / Pegged LOC / disclosed volume of continuous limit orders shall trade with offsetting limit orders (LOC, Pegged LOC, DRK, or CLOB orders) according to price/time priority; then 7. Undisclosed volume of continuous limit orders shall trade with offsetting limit orders (LOC, Pegged LOC, DRK, or CLOB orders) according to price/time priority; then 8. DRK limit orders shall trade with offsetting limit orders (LOC, Pegged LOC, DRK, or disclosed volume of continuous lit orders) entered by the same PO, according to price/time priority, provided that neither order is an unattributed or jitney order; then 9. DRK limit orders shall trade with offsetting limit orders (LOC, Pegged LOC, DRK, or CLOB orders) according to price/time priority; then 10. Passive Pegged LOC** orders shall trade with offsetting limit orders (LOC, Pegged LOC, DRK, or disclosed volume of continuous lit orders) entered by the same PO, according to price/time priority, provided that neither order is an unattributed or jitney order; then 11. Passive Pegged LOC** orders shall trade with offsetting limit orders (LOC, Pegged LOC, DRK, or CLOB orders) according to price/time priority. 2.6.8 MOC Volatility Parameters The following parameters are in place to manage price volatility: MARKET & PRODUCT PME % CPA TSX 3% or five trading increments 10% TSX Venture 5% or five trading increments 15% Preferreds 1% 5% 2.7 Post Market Cancel Session The Post Market Cancel Session is supported on TSX, TSXV and TSX Alpha. It provides a five minute window after the continuous trading session closes from 4:10 p.m. - 4:15 p.m. on TSX/TSXV for trading participants to cancel any open orders that they do not wish to participate in Extended Hours Trading. TSX Alpha supports a Post Market Cancellation session from 5:00 p.m. - 5:30 p.m. 2.8 Extended Trading Session The Extended Trading Session also referred to as the “Special Trading Session” or “Last Sale Trading” operates from 4:15 p.m. – 5:00 p.m. on TSX and TSX Venture. ** At the time of closing, if the MOC reference price is less aggressive than the closing price (and the closing price is within the order limit price), Pegged LOC orders are repriced to the closing price to participate in the closing auction. Such orders are referred to as “Passive Pegged LOC” orders and are last in priority for allocation.

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