February 6, 2025
Equities Notice 2025-006
TMX Equity Trading Notice
TSX and Alpha Receive Regulatory Approval Regarding Amendments to Price Improvement of Certain Dark Orders
TMX Equities Trading is pleased to announce that each of Toronto Stock Exchange ("TSX") and TSX Alpha Exchange ("Alpha") has received regulatory approval from the Ontario Securities Commission regarding its proposed amendments to the price improvement methodology of certain dark orders on each of the exchanges, as described in Equities Notice 2024-038.
The proposed amendments provide for price improvement in accordance with the minimum standards permitted by Universal Market Integrity Rules.
The amendments are expected to be implemented on TSX, Alpha and TSX Venture Exchange ("TSXV") on February 24, 2025. The TSXV amendments remain subject to regulatory approval. A notice of approval for each of TSX and Alpha will be published in an upcoming edition of the OSC Bulletin.
For more information regarding this notice, please contact the Account Management Team.
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