On January 3rd, 2012 CNSX Markets implemented changes to the trading fee schedule for CNSX listed securities. An additional fee range was introduced for equity securities trading at less than $0.10. The Designated Market Maker credit for passive trades was replaced with a rebate for all passive trades, and the fees for odd lot trades are now reversed such that the active side earns the rebate and the passive side pays the fee. The minimum and maximum fees were also eliminated. The fee for crosses did not change.
New fees have been introduced for structured products, as noted below. The $0.10 per $1,000 par value fee will apply to both sides of the trade, subject to a $1.00 minimum.
The flat fee for government bonds did not change.
CNSX LISTED Securities
A. Equity Securities (shares, warrants, rights)
Price Range Per Share Active Fee Passive Rebate
• Odd lot trades will be subject to reverse pricing, having the effect of the active side earning the rebate and the passive side paying a fee.
B. Debt Securities
i. Government Bonds
ii. Notes and Structured Products
There is no monthly access fee for dealers to trade CNSX listed securities.
The changes will be effective January 3, 2012.
Questions about trading fees may be directed to:
CNSX announced today a new strategic partnership with Innovate Calgary and Alberta Deal Generator (ADG). Innovate Calgary and CNSX have forged a partnership agreement to enhance and support the technology and startup sector in Canada.
CNSX Markets Inc. (“CNSX” or the “Exchange”) completed the second tranche of a financing, the first part of which was announced on December 17, 2012.