Market Access

Once firms have made the decision to access TMX markets as a Participating Organization or through Direct Market Access, there are a variety of ways to electronically access TMX markets depending on your needs and objectives.

    • Certified Access Providers

      Access Vendors

      Access Vendors are firms that provide comprehensive technology solutions and network access to TMX order-entry gateways and market data feeds.

      Application Vendors

      Application Vendors are firms that provide the application level for integrated technology platforms, including OMS/EMS solutions.

    • Session Bundle Setup & Certification

      Once access is established at the network level, order entry application access (via session bundles) is configured and managed through the TMX Market Operations group both for the production and the testing environment. Each order entry session provides secure access for individual clients to send and receive order entry and confirmation messages between the clients' systems and TMX gateways and matching engines. Certification in the testing environment is required for all new customers, and if needed, for existing customers prior to scheduled upgrades.

      Gateway Test Environment ("GTE")

      The GTE environment is a functional test environment which mimics the functionality of the Production environment. Users may use GTE for application certification, User Acceptance Testing, or other required functional testing. Performance or load testing is not permitted.

      New functionality and code changes are deployed in GTE prior to Production, in order to provide users an opportunity to test future functionality in advance of Production go-live.

      The GTE environment is available for order entry as well as some market data feeds. Content on GTE market data feeds is generated by GTE order entry activity.

      For information regarding GTE connectivity, order entry session bundles, market data feeds or general inquiries, contact TSX Market Operations at equities.operations@tmx.com or 416-947-4705.

      GTE Hours of Operation

      The GTE environment follows the below default market hours, unless otherwise stated. Any adjustments to these times will be communicated via e-mail to all users. All times Eastern:

      TSX* and TSX Venture Exchange*

      Pre-Open – 7:30am
      Post-Open open – 10:00am
      MOC Imbalance – 8:40pm
      CCP Determination and Post-Open close – 9:00pm
      Extended Hours Cancel Session – 9:05pm
      Last Sale Trading Session – 9:15pm
      Closing – 9:20pm

      TSX Alpha Exchange*

      Pre-Open – 7:30am
      Post-Open open – 10:00am
      Post-Open close – 9:00pm
      Extended Hours Cancel Session – 9:00pm
      Last Sale Trading Session – 9:15pm
      Closing – 9:20pm


      * For the convenience of our users, some symbols in GTE follow hours more closely aligned with production hours. Please contact TSX Market Operations at equities.operations@tmx.com or 416-947-4705 for the current list.