Notices

Notice 2022-001 - CSE Trading Fee Schedule

January 13, 2022

The Canadian Securities Exchange has received regulatory approval to introduce the following trading fee schedule for TSX and TSX venture listed securities. The changes will take effect on February 1, 2022.

Description of changes:

For TSX-V and TSX less than $1, the active rebate is being increased from $0.0002 to $0.0006 and the passive fee is being increased from $0.0004 to $0.0008. For market maker trades, the passive fee for TSX-V is being increased from $0.0002 to $0.0007 and increased from $0.0004 to $0.0007 for TSX listed.
For TSX-V equal to or greater than $1, the active rebate is being increased from $0.0002 to $0.0014 and passive fee is being increased from $0.0004 to $0.0018. For market maker trades, the passive fee is being increased from $0.0002 to $0.0016.
For TSX-V, the addition of a second tier TOB credit for securities equal to or greater than $1.
For TSX, the addition of a tier one TOB credit for securities less than $1.
For TSX and TSX- V odd lot trades, the passive fee is being reduced from $0.0004 to $0.0003 for less than $1, and for greater than $1 the active rebate is being increased from $0.0002 to $0.0003 for both TSX-V and TSX listed equal to or greater than $1.

TSX-V Listed

	Current Active Fee	New Active Fee	Current Passive Fee	New Passive Fee
Less than $1.00	-$0.0002 A flat fee of $2 for volume >=200,000 shares	-$0.0006 A flat fee of $2 for volume >= 200,000 shares	$0.0004 $0.0002 (Market Maker) A flat fee of $2 for volume >= 200,000 shares	$0.0008 $0.0007 (Market Maker) A flat fee of $2 for volume >= 200,000 shares
Less than $1.00 Tier 1: >=15% TOB (NBB or NBO) on either side – average for the month	-$0.0002	-$0.0006	$0.0003 $0.0001 (Market Maker)	$0.0007 $0.0006 (Market Maker)
Equal to or greater than $1.00	-$0.0002 A flat fee of $2 for volume >= 200,000 shares	-$0.0014 A flat fee of $2 for volume >= 200,000 shares	$0.0004 $0.0002 (Market Maker) A flat fee of $2 for volume >= 200,000 shares	$0.0018 $0.0016 (Market Maker) A flat fee of $2 for volume >= 200,000 shares
Equal to or greater than $1.00 Tier 1: >=15% TOB (NBB or NBO) on either side – average for the month	-$0.0002	-$0.0014	$0.0003 $0.0001 (Market Maker)	$0.0017 $0.0015 (Market Maker)
Equal to or greater than $1.00 Tier 2: >=15% TOB (NBB or NBO) on each side or >=30% in total for both sides combined – average for the month	N/A	-$0.0014	N/A	$0.0016 $0.0014 (Market Maker)

TSX Listed

	Current Active Fee	New Active Fee	Current Passive Fee	New Passive Fee
Less than $1.00	-$0.0002 A flat fee of $2 for volume >=200,000 shares	-$0.0006 A flat fee of $2 for volume >= 200,000 shares	$0.0004 A flat fee of $2 for volume >= 200,000 shares	$0.0008 $0.0007(Market Maker) A flat fee of $2 for volume >= 200,000 shares
Less than $1.00 Tier 1: >=15% TOB (NBB or NBO) on either side – average for the month	N/A	-$0.0006	N/A	$0.0007 $0.0006 (Market Maker)
Equal to or greater than $1.00	-$0.0014	-$0.0014 No Change	$0.0018 $0.0016 (Market Maker)	$0.0018 $0.0016 (Market Maker) No Change
Equal to or greater than $1.00 Tier 1: >=15% TOB (NBB or NBO) on either side – average for the month	-$0.0014	-$0.0014 No Change	$0.0017 $0.0015 (Market Maker)	$0.0017 $0.0015 (Market Maker) No Change
Equal to or greater than $1.00 Tier 2: >=15% TOB (NBB or NBO) on each side or >=30% in total for both sides combined – average for the month	-$0.0014	-$0.0014 No Change	$0.0016 $0.0014 (Market Maker)	$0.0016 $0.0014 (Market Maker) No Change

Oddlots

	Current Active Fee	New Active Fee	Current Passive Fee	New Passive Fee
TSX-V and TSX: Less than $1.00	-$0.0002	-$0.0002 No Change	$0.0004	$0.0003
TSX-V and TSX: Equal to or greater than $1.00	-$0.0002	-$0.0003	$0.0004	$0.0004 No Change

Quick link:

Trading Fee Schedule

If you have any questions or require further information, please contact:

trading@thecse.com
416.367.7347
www.thecse.com

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