Canadian Equities

Pricing

Nasdaq Canada offers three trading books for trading TSX, TSX-Venture and CSE listed securities: CXC, CX2, and CXD.

Nasdaq CXC

Trading Fees
Interlisted* securities $1.00 or over
Liquidity removing fee$0.0026
Liquidity provider rebate$0.0022
Hidden liquidity provider rebate (Full rebate paid on Icebergs)$0.0015
Non-Interlisted securities $1.00 or over
Liquidity removing fee$0.0014
Liquidity provider rebate$0.0010
Hidden liquidity provider rebate (Full rebate paid on Icebergs)$0.0005
ETFs $1.00 or over
Liquidity removing fee$0.0017
Liquidity providing rebate$0.0013
Hidden liquidity provider rebate (Full rebate paid on Icebergs)$0.0005
All securities under $1.00
Liquidity removing feeFree
Liquidity providing fee$0.0001
Crosses
Intentional Cross Credit†$0.00005

*The list of interlisted securities for the purposes of the Nasdaq CXC fee schedule is the same as that used by the primary market.

† Nasdaq CXC will credit to a maximum of $100 per cross. Credits will be paid on the first 400 million shares market wide per calendar month

Notes & Debentures
Liquidity removing fee (per $1000 par value)$0.1000
Liquidity provider rebate (per $1000 par value)$0.0900

Nasdaq CX2

Trading Fees
Securities $1.00 or over
Liquidity removing rebate$0.0010
Liquidity provider fee$0.0014
Liquidity removing rebate (Large Size Trade)¹$0.0012
Liquidity provider fee (Large Size Trade)¹$0.0013
Hidden liquidity removing feeFree
Hidden liquidity provider fee$0.0004
Odd Lot Liquidity removing feeFree
Securities under $1.00
Liquidity removing rebate$0.0010
Liquidity provider fee$0.0014
Hidden liquidity removing feeFree
Hidden liquidity provider fee$0.0004
Odd Lot Liquidity removing feeFree
Notes & Debentures
Liquidity removing fee (per $1000 par value)$0.0800
Liquidity provider rebate (per $1000 par value)$0.0000

1 A large size transaction to which this fee applies for securities $1.00 or over is defined as a single order that is entered on CX2 with a volume above or equal to 50K shares that results in a trade with a minimum volume of 50K shares.

Nasdaq CXD

Trading Fees
Securities $5.00 and over
Liquidity removing fee$0.0006
Liquidity provider fee$0.0006
Securities $1.00 and up to $5.00
Liquidity removing fee$0.0003
Liquidity provider fee$0.0003
Securities under $1.00
Liquidity removing feeFree
Liquidity provider fee$0.0001
Securities $1.00 and over (At the Touch)*
Liquidity removing feeFree
Liquidity provider fee$0.0002
Securities under $1.00 (At the Touch)*
Liquidity removing feeFree
Liquidity provider fee$0.0001
ETFs (All Prices)
Liquidity removing fee$0.0003
Liquidity provider feeFree
Notes & Debentures (All Prices)
Liquidity removing fee (per $1000 par value)$0.02
Liquidity provider fee (per $1000 par value)$0.02
Unintentional Crosses (All Securities at All Prices)
Liquidity removing feeFree
Liquidity provider feeFree
Intentional Crosses (All Securities at All Prices)
Liquidity removing feeFree
Liquidity provider feeFree

* Trades matched without price improvement subject to the UMIR Dark Rule

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