Monday November 27 2017
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
On 23rd November 2017, the Toronto Stock Exchange (TSX) and Toronto Stock Venture Exchange (TSXV) announced the introduction of further enhancements to the current dark trading functionality. This development will lead to the addition of a new midpoint pegged order type and the Contra Midpoint Only (CMO) order. This will allow users to specify that the order is executable only against other similarly designated dark midpoint pegged orders.
The final changes will be formulated based on feedback from market participants TMX has stated that comments on TSX trading functionality be submitted by 29th December 2017.
For additional information please click the link above.