July 14, 2023
Ops Notice 2023-020

TMX Group

TMX Operational Notice

Reminder: TSX Alpha Exchange - Static Order Processing Delay Implementation

Reminder: TSX Alpha Exchange - Static Order Processing Delay Implementation

TMX Market Operations is reminding all clients that effective July 17th, 2023, the Order Processing Delay on TSX Alpha Exchange ("Alpha") is being updated to statically hold all messages for 1 millisecond instead of dynamically randomizing between 1-3 milliseconds as Alpha currently does today. Orders marked as post only which meet the minimum size requirements will continue to bypass the delay.

Additional information can be found in Equities Trading Notices 2023-017 and 2023-021.