Canadian Equities

Trading

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

FULLY CUSTOMIZE YOUR ORDERS WITH SMART ROUTING

Canadian clients have greater flexibility and control over their orders routed through Nasdaq Canada. Clients can fully customize their smart order routing strategies and connect to all other major market centers.

Custom Strategies:

  • Choose one or more ping destinations to capture hidden mid-point liquidity
  • Choose one or more posting destinations
  • Use directed strategies to route directly to all other major market centers
  • Customize the routing table
  • Choose Dynamic Re-spray to pullback resting orders to take tradable liquidity at away markets

Custom Routing Fee to post at these destinations:

  • Omega
  • Lynx
  • CSE (Pure)
  • Aequitas
  • Alpha
  • Match Now

Free Strategies

Filter by category:
CategoryNameDescription
CXCSMART CXC Spray all protected markets, post any remaining on CXC.
CXCSMART CXC DYNAMICSpray all protected markets, post any remaining on CXC, dynamic re-spray.
CXCSMART CXC DARKPing CX2 Dark, CXC Dark, ping Match Now, spray all protected markets, post any remaining on CXC.
CXCSMART CXC DARK DYNAMICPing CX2 Dark, CXC Dark, ping Match Now, spray all protected markets, post any remaining on CXC, dynamic re-spray.
CXCSWEEP AND CROSSAllows participants to sweep all protected quotes and print a cross order in one step by sending IOC bypass orders to all protected venues before printing the cross on CXC.
CXCFEE SENSITIVERoute based on best execution fee, posting any residual quantity to CXC.
CXCDEPTH-FINDERTakes advantage of price improvement opportunities by taking liquidity with an iterative depth-of-book spray, capturing hidden portion of iceberg orders. Any residual is posted to CXC.
CXCSWEEP AND POSTAggressively takes liquidity with a depth-of-book spray in a single pass and books any residual to CXC.
CX2SMART CX2Spray all protected markets, post any remaining on CX2.
CX2SMART CX2 DYNAMICSpray all protected markets, post any remaining on CX2, dynamic re-spray.
CX2SMART CX2 DARKPing CX2 Dark, CXC Dark, ping Match Now, spray all protected markets, post any remaining on CX2.
CX2SMART CX2 DARK DYNAMICPing CX2, CXC Dark, ping Match Now, spray all protected markets, post any remaining on CX2, dynamic re-spray.
TSXSMART XSpray all protected markets, post any remaining on TSX.
TSXSMART X DYNAMICSpray all protected markets, post any remaining on TSX, dynamic re-spray.
TSXSMART X DARKPing CX2 Dark, CXC Dark, ping Match Now, spray all protected markets, post any remaining on TSX.
TSXSMART X DARK DYNAMICPing CX2, CXC Dark, ping Match Now, spray all protected markets, post any remaining on TSX, dynamic re-spray.
Multi-PostCXC & TSXNasdaq Canada Smart Router will attempt to split the shares evenly between CXC & TSX.
Multi-PostCXC & ALPHANasdaq Canada Smart Router will attempt to split the shares evenly between CXC & ALPHA.
Multi-PostCXC, TSX & ALPHANasdaq Canada Smart Router will attempt to split the shares evenly between CXC, TSX & ALPHA.
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