TSX Buy-Ins

In order to support CDS in cases where a seller has failed to deliver a security following a trade, TSX has developed a special "Buy-In" facility to locate alternate sellers capable of immediately delivering the security, therefore enabling CDS to quickly and efficiently clear the failed position.

Buy-In Procedures

On a daily basis, CDS provides a list of securities that Participating Organizations have failed to make delivery on.

1:30 PM (1st Cycle) - TSX receives and posts the preliminary Buy-In list. At this point, other Participating Organizations have the opportunity to provide liquidity by submitting Buy-In orders.

2:45 PM (2nd Cycle) - TSX receives and posts the Final Buy-In list. This list identifies the remaining securities that still need to be delivered.

3:00 PM - Cut-off for accepting Buy-In orders

Upon completion of the Buy-In period, TSX allocates fills on an equal by member basis to the sellers and calculates a price. This price is based on the last board lot trade before 3:00 plus a premium.

Buy-In Price = Last Board lot Sale Price + Premium

TSX manually enters these trades that are cleared by CDS on a same-day basis. Between 3:20 and 3:40, TSX Trading Services will provide transaction confirmations. This process efficiently clears failed delivery trades and helps to maintain overall market integrity.

For additional information about Buy-Ins or to participate in a Buy-In, please contact Trading Services.

Updated: July 5, 2022 at 2:46 p.m.
Download: Final List

Market Description Symbol Quantity
TSXV CLYDESDALE RESOURCE INC COM CEO.H 2,802
TSXV 49 NORTH RESOURCES INC COM FNR 1,300
TSXV FOUR ARROWS CAPITAL CORP COM AROW.P 1,126
TSXV MANDEVILLE VENTURES INC COM MAND.P 1,791
TSXV MOUNTAIN CHINA RESORT HLD COM MCG 1,945
TSXV SPECTRA7 MICROSYSTEMS COM NEW SEV 1,390
TSXV KB RECYCLING INDS WT 042123 AKMY.WT 1,864
TSXV WESTERN MAGNESIUM CORP COM WMG 23,500
TSX BBTV HOLDINGS INC SUB VTG BBTV 10,885
TSX CANOPY GROWTH CORP WT 021924 WEED.WT. 653
TSX VANGUARD CDN GOV BOND ETF UN VGV 12,851
TSX WORLD FINL SPLIT CORP PFD SHS WFS.PR.A 200
TSX XEBEC ADSORPTION INC COM XBC 208,073