November 13, 2025
Equities Notice 2025-044
TMX Equity Trading Notice
Update: Implementation Details Regarding CIRO Amendments Respecting Net Asset Value and Jitney Crosses
TMX Equities would like to remind all clients of the upcoming changes on each of Toronto Stock Exchange ("TSX"), TSX Venture Exchange ("TSXV") and TSX Alpha Exchange ("Alpha") to align with amendments to the Universal Market Integrity Rules respecting Net Asset and Jitney Crosses ("CIRO Amendments"), as described in Equities Notice 2025-042. These changes will be available for testing in GTE effective today, Thursday, November 13th, 2025, with the official production launch scheduled for January 13th, 2026.
Housekeeping amendments to each of the TSX Rule Book and Alpha Trading Policy Manual related to the CIRO Amendments will become effective January 13th, 2026. The Notice of Housekeeping Rule Amendments for each of TSX and Alpha can be found here.
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