NoticeFeb 05, 2015

Notice 2015-004 - Market Making Program – Accepting Applications For CSE Listed and TSX Venture Exchange Listed Securities

February 5, 2015

On October 23, 2014 the Canadian Securities Exchange (the “CSE” or the “Exchange”) announced OSC approval and the implementation of certain amendments to the CSE Trading Rules which included changes to the manner in which oddlot orders are matched in the CSE trading system and the introduction of the Guaranteed Minimum Fill.

The changes were implemented to introduce a new level of service for retail orders to be provided by Exchange appointed Market Makers on designated securities (the “Market Maker Program”).

After a successful pilot test the CSE is pleased to announce the next phase of the Market Maker Program.  The Exchange is now accepting Market Making applications on all CSE listed and TSX Venture Exchange listed securities. 

For questions about the eligibility requirements for Market Makers, or order entry on a Market Maker security, please contact:
Adam Schmidt
[email protected]

Additional Information 

For a description of the rule amendments related to Market Makers see:  Notice 2014-002 – Notice and Request for Comments – Amendments to Rule 4 Trading of Securities, published April 11, 2014.

For a description of the changes to oddlot matching see:  Notice 2014-005 – Notice and Request for Comments – Changes to Oddlot Matching, Published September 4, 2014.

Amendments were approved and implemented in October, 2014.  See: Notice 2014-006 – Notice of OSC Approval: Rule 4 Amendments and Changes to Oddlot Matching, published October 23, 2014.

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