49 consultation with and approval of CIRO. In the event of a trade that requires a change or amendment to price and/or quantity the broker will contact CIRO for approval. If CIRO approves the amendment, they will then contact the TMX Trading Services Desk to instruct TMX to make the change. This policy excludes any requests received by CIRO or other securities regulator to cancel or amend a trade. In the event of a dispute between two brokers, TMX will make available any information required to settle the dispute, subject to any confidentiality restrictions on the disclosure of such information. 6.9 Reports 6.9.1 Daily Diary Files The TMX Daily Diary files are a set of daily reports generated for each participant and automatically emailed as password protected zipped .txt files following the close of each trading day. These reports include: • Open Orders By Book – a detailed list of all outstanding open orders from the PO. • Open Order By User ID – a detailed list of all outstanding open orders organized by User ID. • Removed Orders by Book – a list of all cancelled orders during the day. • Removed Orders by User ID – a list of all cancelled orders during the day by User ID. • Diary List By Price – a detailed summary of all trades executed during the day by price. • Diary List By Time – a detailed summary of all trades executed during the day by time. TSX, TSXV, and TSX Alpha support all six reports. 6.9.2 Compliance Alerts Reporting System (CARS) TMX has developed a system that produces daily reports that enable the compliance office of a broker to monitor 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.
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