Notice of Housekeeping Rule Amendments to the Trading Policies - Neo Exchange Inc.
Introduction
In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits Thereto, the Neo Exchange Inc. has adopted housekeeping rule changes (the "Housekeeping Rule Amendments"). The Ontario Securities Commission has not disagreed with the housekeeping categorization. The Housekeeping Rule Amendments comprise the following changes:
Housekeeping Rule Amendments and Rationale for Classification
The proposed Housekeeping Rule Amendments are administrative changes to remove references to the withdrawn imbalance only order for closing call feature from the Trading Policies, and are consistent with changes as described in subsection 6.1(5) of Companion Policy 21-101CP to NI 21-101.
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Trading Polices Section |
Amendment |
Rationale |
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Part VI. Trading in NEO-L |
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Subsection 6.02(2) Order Modifiers -- Functional Attributes |
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To correspond with the removal of the Imbalance Only Orders for the Closing Call, references in the Trading Policies are deleted. |
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"Imbalance Only (IO)" |
Delete references to "or Closing Call" |
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Paragraph 6.11 Closing Call (Closing Call Eligible Securities only) (2)(d) |
Delete reference to "; and |
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(d) |
Lastly, IO orders trade with: |
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(i) |
offsetting orders entered by the same Member, then against offsetting NEO Trader[SUP]TM[/SUP] orders by the same Member according to time priority, then all other offsetting orders by the same Member, according to the time priority of the offsetting order, provided that neither order is an anonymous or jitney order; then |
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(ii) |
offsetting NEO Trader[SUP]TM[/SUP] orders, according to time priority; then |
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all other offsetting orders according to time priority." |
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And replace with ".". |
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Subsection 6.11(4) |
Delete reference to "IO". |
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The Trading Policies can be viewed at:
https://www.neo.inc/en/exchange/resources
The Housekeeping Rule Amendments are effective as of the date hereof.