Notice of Approval - Amendments to Trading System Functionality - TriAct Canada Marketplace LP

MATCH Now orders and notices

INTRODUCTION

In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F2 and the Exhibits Thereto, TriAct Canada Marketplace LP (also known as “MATCHNow”) has adopted, and the Ontario Securities Commission (“OSC”) has approved, significant changes to the MATCHNow Trading System (the “Amendments”).

DESCRIPTION OF THE AMENDMENTS

The Amendments concern MATCHNow’s proprietary pro-rata-based methodology for trade matching. Specifically, the Amendments relate to the description and examples of (1) the way in which the pro-rata methodology allocates residual board lots, and (2) how the rounding functionality operates within the pro-rata methodology.

These amendments are categorized as “significant changes” and should have been previously filed with the OSC. Due to an unintended oversight, these changes were not submitted to the OSC at the relevant time and, as a result, MATCHNow’s “In Detail” document had not been accurately describing the pro-rata functionality. The inaccuracies have now been corrected.

MATCHNow has prepared a client notice describing the approved Amendments which can be found at www.osc.gov.on.ca.

IMPLEMENTATION

The Amendments have already been implemented.