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TSX DRK - Fee Schedule

Effective June 4th, 2018

  • TSX DRK Trading Fees1, 2

    TSX DRK - Post-Open Continuous Trades in Equities and Exchange Traded Funds (ETFs):3,4

    Where trade price per share is:

    <$0.10$0.10–$0.99≥$1.00 for Interlisted Equities5≥$1.00 for Non-Interlisted Equities≥$1.00 for ETFs
    Removing Dark Order Volume (excl. CMO)6 with SDL or pegged IOC/FOK7 $0 $0 $0.0002 $0.0002 $0.0002
    Removing Dark Order Volume (excl. CMO)6 with other Dark Order8 $0.000025 $0.000075 $0.0010 $0.0010 $0.0010
    Removing Dark Order Volume (excl. CMO)6 with non-Dark Order $0.000025 $0.000075 $0.0027 $0.0015 $0.0017
    Providing Dark Order Volume (excl. CMO)6, 9 $0 $0 $0 $0 $0

    Trades involving Contra Midpoint Only (CMO) Orders):3,4

    Where trade price per share is:

    <$1.00Equities - $1.00–$4.99Equities ≥$5.00ETFs ≥$1.00 
    Regular CMO trades - Fee / share / side $0.00005 $0.00025 $0.0005 $0.0002
    Regular CMO trades - Max/ trade / side $5 $10 $10 $5
    Unintentional CMO crosses10 - Fee / share / side $0 $0 $0 $0

    TSX DRK - Market Makers Post-Open Continuous Trades on Symbols of Responsibility11:

    Where trade price per share is:

    <$1.00≥$1.00 for Interlisted Equities5 - Tier A≥$1.00 for Interlisted Equities5 - Tier B≥$1.00 for Non-Interlisted Equities - Tier A≥$1.00 for Non-Interlisted Equities - Tier B≥$1.00 for ETFs
    Removing Dark Order Volume (excl. CMO)6 with SDL or pegged IOC/FOK7 $0 $0.0002 $0.0002 $0.0002 $0.0002 $0.0002
    Removing Dark Order (excl. CMO)6 Volume with other Dark Order8 $0 $0.0010 $0.0010 $0.0010 $0.0010 $0.0010
    Removing Dark Order (excl. CMO)6 Volume with non-Dark Order $0 $0.0027 $0.0027 $0.0015 $0.0015 $0.0017
    Providing Dark Order Volume (excl. CMO)6, 9 ($0.00005) $0 $0 $0 $0 $0

    For all other fees applicable to trading on TSX, see the TSX Trading Fee Schedule

    Other than as otherwise noted, TSX DRK Trading Fees are GST/HST exempt.

    Rates are based on share volume executed, including for executions resulting from matches through Self Trade Management. Where applicable, a firm-wide net credit for Post-Open Continuous trades will first be applied to offset the firm's other trading charges. Any remaining net credit will be paid out to the firm.

    Rates apply to trades in equities, ETFs and any other traded products for which rates have not been otherwise specified.

    A list of interlisted equities for which interlisted rates will apply during the given month will be made available on the TSX website at the beginning of each month. For ETFs that are interlisted, the ETF rates shall apply.

    Post-open continuous trading fees for dark order volume do not apply to trades involving CMO orders. Fees applicable to CMO orders are reflected separately.

    Applies to any IOC/FOK marked SDL or to any pegged Dark Order marked IOC or FOK when removing resting dark liquidity. See the TMX Equities Markets Order Type and Functionality Guide for a description of pegged Dark Orders

    Applies to Dark Limit orders and any other Dark Orders that are not marked as SDL, IOC or FOK when executing actively against resting dark liquidity. See the TMX Equities Markets Order Type and Functionality Guide for a description of all Dark Orders

    Rates for providing dark order volume apply to executions of the undisclosed portion of iceberg order volume.

    10 Applies to CMO trades between the same broker, regardless of whether the broker has marked one or both sides of the trade as anonymous.

    11 Fees waived for opening, Notes and Debentures trades. All other specialty products are billed at regular rates. Trades by the Market Maker involving CMO orders are charged at the regular CMO rates.

  • TSXV DRK Trading Fees12, 13

    TSXV DRK - Post-Open Continuous Trades in Equities, Notes and Debentures:14, 15

    Where trade price per share is:

    <$0.10$0.10–$0.99≥$1.00
    Removing Dark Order Volume (excl. CMO)16
    with SDL or pegged IOC/FOK17
    $0 $0 $0.0002
    Removing Dark Order Volume (excl. CMO)16
    with other Dark Order18
    $0.000025 $0.000075 $0.0010
    Removing Dark Order Volume (excl. CMO)16
    with non-Dark Order
    $0.000025 $0.000075 $0.0015
    Providing Dark Order Volume (excl. CMO)16, 19 $0 $0 $0

    Trades involving Contra Midpoint Only (CMO) Orders):14, 15

    Where trade price per share is:

    <$1.00$1.00–$4.99 ≥$5.00
    Regular CMO trades - Fee / share / side $0.00005 $0.00025 $0.0005
    Regular CMO trades - Max/ trade / side $5 $10 $10
    Unintentional CMO crosses20 - Fee / share / side $0 $0 $0

    TSX Venture Exchange Odd Lot Dealer - DRK Post-Open Continuous Trades on Symbols of Responsibility21:

    Where trade price per share is:

    <$1.00≥$1.00
    Removing Dark Order Volume (excl. CMO)16 with SDL or pegged IOC/FOK17 $0 $0.0002
    Removing Dark Order Volume (excl. CMO)16 with other Dark Order18 $0 $0.0010
    Removing Dark Order Volume (excl. CMO)16 with non-Dark Order $0 $0.0015
    Providing Dark Order Volume (excl. CMO)16, 19 ($0.00005) $0

    12 For all other fees applicable to trading on TSXV, see the TSXV Trading Fee Schedule.

    13 Other than as otherwise noted, TSXV DRK Trading Fees are GST/HST exempt.

    14 Rates are based on share volume executed, including for executions resulting from matches through Self Trade Management. (Notes and debentures fees are applied per $1000 par value traded.) Where applicable, a firm-wide net credit for Post-Open Continuous trades will first be applied to offset the firm's other trading charges. Any remaining net credit will be paid out to the firm.

    15 Rates apply to all instruments and classes for which rates have not otherwise been specified.

    16 Post-open continuous trading fees for dark order volume do not apply to trades involving CMO orders. Fees applicable to CMO orders are reflected separately

    17 Applies to any IOC/FOK marked SDL or to any pegged Dark Order marked IOC or FOK when removing resting dark liquidity. See the TMX Equities Markets Order Type and Functionality Guide for a description of pegged Dark Orders.

    18 Applies to Dark Limit orders and any other Dark Orders that are not marked as SDL, IOC or FOK when executing actively against resting dark liquidity. See the TMX Equities Markets Order Type and Functionality Guide for a description of all Dark Orders.

    19 Rates for providing dark order volume apply to executions of the undisclosed portion of iceberg order volume.

    20 Applies to CMO trades between the same broker, regardless of whether the broker has marked one or both sides of the trade as anonymous.

    21 Fees waived for trades in assigned NEX securities. All other specialty products are billed at regular rates. Trades by the Odd Lot Dealer involving CMO orders are charged at the regular CMO rates.