May 16, 2025
Ops Notice 2025-019

TMX Operational Notice

Change in Settlement Schedule for the Memorial Day Holiday

TMX Market Operations is advising all clients that U.S. markets are closed Monday, May 26, 2025 in observance of the Memorial Day Holiday.

All trades on Friday, May 23, 2025 in U.S. dollar Securities will be for Special Settlement on Tuesday, May 27, 2025. T+2 special settlement rules are being imposed for these securities to accommodate the U.S. banking holiday on Monday, May 26, 2025.

Trading in the corresponding securities which trade in Canadian dollars (if applicable) will not be affected by these special settlement rules.

Below is the Settlement schedule for the U.S. Dollar Traded Securities for this period:

Trade Dates	Settlement Dates
Friday, May 23, 2025	Tuesday, May 27, 2025

Capital Formation

Markets

Post-Trade

CDCC
CDS

Insights

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