October 17, 2025
Equities Notice 2025-039
TMX Equity Trading Notice
TMX Equities Announces Amendments to the TSX and TSXV Fee Schedules
TMX Equities is advising clients that the trading fee schedules of Toronto Stock Exchange ("TSX") and TSX Venture Exchange ("TSXV") will be amended, effective November 3, 2025, subject to regulatory approval. In addition to certain housekeeping amendments, the amendments primarily relate to certain fees payable for the trade types enumerated below:
| Trade Type | Current Fees | Amended Fees (TSX & TSXV) | |
| TSX | TSXV | ||
| Market on Open (MOO) | $0.0030 / share / side Per-trade cap of $30 / trade / side Monthly cap of $100,000 / participant |
$0.0012 / share / side Per-trade cap of $60 / trade / side Monthly cap of $55,000 / participant |
$0.00225 / share / side Orders placed on a previous day : Per-order cap of $20 / order All other orders : Per-order cap of $50 / order No monthly cap per participant |
| Must Be Filled (MBF) | $0.0030 / share / side Per-trade cap of $90 / trade / side |
N/A | $0.00225 / share / side Per-order cap of $200 / order |
| Market on Close (MOC) where trade price is under $1.00 | $0.0002 / share / side Per-order cap of $75 / order |
$0.00225 / share / side Per-order cap of $75 / order |
|
The updated Trading Fee Schedules will be made available here for TSX, and here for TSXV.
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