Notice of Proposed Changes and Request for Comments - Dynamic Order Protection Rule Repricing - Alpha Exchange Inc.

 
On February 21, 2019 TSX Inc. published for comment proposed changes to allow for dynamic order protection rule repricing. A Notice and Request for Comment in respect of the proposed changes was published in the Commission’s Bulletin at (2019), 42 OSCB 1761.

As announced in the February 22, 2019 TMX Equities Trading Notice 2019-004, TMX Group intended to introduce dynamic repricing on resting OPR Reprice orders on all three of its equities trading venues - Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV) and TSX Alpha Exchange (Alpha). As a result of a TMX oversight, the Notice and Request for Comment published by the Commission did not include explicit reference to the identical functionality also being implemented on Alpha.

Following review by the OSC, this notice is to confirm that the public comment process underway for the introduction of dynamic OPR reprice functionality on TSX and TSXV now also applies for the introduction of the same functionality on Alpha.

The public comment period ends on March 25, 2019.