CANADA: Amendments to TSX Alpha Exchange Trading Policy Manual

Friday November 18 2016

In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1, Alpha Exchange (TSX Alpha) has adopted, and the Ontario Securities Commission has approved, amendments to the Alpha Trading Policy Manual. The Amendments are Housekeeping Rules under the Protocol and therefore have not been published for comment.

The Trading Policy is being amended to remove references to existing freeze functionality and to make its approach to describing functionality consistent with TSX and TSXV.

The Trading Policy will be amended as follows:

• Subsection 5.6(1), which describes TSX Alpha’s freeze limits, will be deleted. Details relating to TSX Alpha’s implementation of Marketplace Thresholds will be set out in the updated Order Type and Functionality Guide for TMX equity markets. This is consistent with the description of Marketplace Thresholds on TSX and TSXV. 2.
• Section 5.12, which describes the optional Cancel on Disconnect (COD) gateway session feature on Alpha, will be removed from the Trading Policy. Section 5.12 has a reference to Alpha’s freeze limits which will no longer be accurate. In addition, COD is described in the Order Type and Functionality Guide and, similar to the approach taken by TSX and TSXV, it is more appropriate to describe the optional COD functionality in the guide rather than in the Trading Policy.

The Amendments become effective on 21st November 2016.

Click on the link above for further details.