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 7, 2025 at 2:31 p.m.
Download: Final List

Market Description Symbol Quantity
TSX TOUCHSTONE EXPL INC NEW COM TXP 197,485
TSX FIREFLY METALS LTD ORD FULL PD FFM 46,694
TSXV PROSPERA ENERGY INC COM PEI 32,323
TSXV K9 GOLD CORP COM NEW KNC 17,646
TSXV ENGOLD MINES LTD COMMON NEW EGM 12,303
TSXV KLONDIKE GOLD COM NO PAR KG 10,582
TSXV CANSTAR RES INC COM NO PAR ROX 8,100