Notice of Approval – Introduction of Contra Mid-Point Only (CMO) Order Type – TSX Inc.

 
In accordance with the Process for the Review and Approval of the Information Contained in Form 21-101F1 and the Exhibits Thereto (Protocol), on February 16, 2018, the Commission approved significant changes to Form 21-101F1 for TSX Inc. reflecting the introduction of the Contra Mid-Point Only (CMO) order type.

A Staff notice and TSX’s Request for Comment on the proposed change was published on the Commission’s website and in the Commission Bulletin on November 23, 2017, at (2017), 40 OSCB 9459. No comment letters were received.

As CMO orders only execute against other CMO orders at the mid-point, a public post-trade marker will be added to all CMO executions to ensure transparency of executions of CMO orders. This marker will be implemented with the introduction of the order.

TSX will communicate the date of implementation.