Notice of Commission Approval - Amendments to the Rules of the Toronto Stock Exchange - Implementation of a Pre-Trade Matching Facility - Alternative Trade eXecution (ATX) - TSX Inc.
The Ontario Securities Commission approved amendments to the rules of the Toronto Stock Exchange regarding the implementation of the pre-trade matching facility ATX, which will match subscriber order flow against in-house interests as well as against the interests of other subscribers in a blind electronic book. The purpose of the amendments is to implement a set of rules regarding the entry of orders and the pre-trade matching that will be facilitated by ATX. The proposed amendments were published for comment on October 6, 2006 at (2006) 29 OSCB 8023. Some non-material changes have been made to the amendments that were originally published, and a black-lined version highlighting the changes is being published in Chapter 13 of this Bulletin. A summary of the comments received and TSX Inc.'s response are also published in Chapter 13.