Order Types and Functionality Guide

47 and track trading infractions and alerts on a post-trade basis. TSX Compliance Alerts Reporting System (CARS) is an invaluable tool for the discerning compliance officer who can use the tool to monitor the trading activity of the firm and to assist in developing strategic action items to deal with the findings. CARS will also demonstrate the firm’s proactive stance on compliance to regulators and auditors from other firms. CARS allows subscribers to select a maximum of seven unique alert monitors and to input their own specific parameter ranges. Subscribers can select from the following alert monitors: • JTNY (Jitney) – The systemwill provide a potential front-running alert to find instances within a broker when an order marked “jitney” has traded just ahead of an order marked “client” and the “jitney” order received a better fill price. • ANON (Anonymous) – The system will provide a potential front-running alert to find instances within a broker when an order marked “anonymous” has traded just ahead of an order marked “client” and the anonymous order received a better fill price. • CPT (Client Principal Trade) – The system will provide a potential customer/principal trading rule alert to find instances where a “pro” (i.e. Non Client, Specialist, Inventory) trades against a client within a broker without improving the fill price to their client based on the current bid/offer price. • Restricted Stock – The system will provide restricted stock alerts to detect all trades for restricted stock symbols specified by the broker. • APTC (Alerts Prior To Close) – The system will provide alerts to detect patterns of potential price manipulation at market close. • Daily Cross Report – The system will provide a cross report to filter various types of crosses that occurred at either the bid or ask price. • Daily Close Report – The system will provide a daily closing report to indicate which stock prices the broker has moved up or down at the end of the day. Each day, the CARS application creates reports which are available on a secured website. Reports Reports are generated in CSV file format which allows subscribers to customize the data using various software programs. Reports for TSX, TSXV, and TSX Alpha are created and saved as separate files. Security Alert/Report parameters will be entered using a secured web browser interface. The reports will be available on a secure website the next business day. All CARS data is secured from external parties and access within TMX will be restricted to defined personnel. 6.11 Fees & Billing Fees Each market’s fee schedule is available on the TMX website. Billing Subscribers will be provided with an invoice for their account on the 3rd business day at the beginning of each month, which will detail all trading activity and applicable fees for the previous month. These detailed supporting trade files are provided in a .zip file attached to the automatic email delivery of all invoices. Subscribers are required to participate in a Pre-Authorized Debit Plan or pay through CDS (directly or via a Carrying Broker). Subscribers will also receive via e-mail zipped password protected Billing Reports with the previous month’s trade details aggregated by trader, symbol and product.