June 27, 2024
Equities Notice 2024-017
TMX Equity Trading Notice
Minimum Price Improvement Peg Approval Notice
TSX and Alpha Receive Regulatory Approval Regarding Amendments to Minimum Price Improvement Peg.
TMX Equities Trading is pleased to announce that each of the Toronto Stock Exchange ("TSX") and TSX Alpha Exchange ("Alpha") have received regulatory approval from the Ontario Securities Commission regarding its proposed amendments to the Minimum Price Improvement Peg "MPIP") order type, as described in Equities Notice 2024-012.
The amendments aim to enhance the flexibility and applicability of the MPIP order type, ensuring it effectively serves its purpose across a broader range of trading scenarios without compromising the intent of providing minimum price improvement.
The amendments are expected to be implemented on TSX and Alpha in Q3 2024.
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