CANADIAN SECURITIES EXCHANGE
Proposed Fee Change
Monthly Tier Credits – Top of Book
NOTICE AND REQUEST FOR COMMENTS
CNSX Markets Inc. (“CSE”) is publishing proposed fee changes regarding monthly fee credits – top of book (“Fee Change”) in accordance with s. 6(a) of Appendix C (“Process for the Review and Approval of Rules and Information Contained in Form 21-101F1 and the Exhibits Thereto”) of the CSE Recognition Order, as amended and s. 3.2(2) of National Instrument 21-101 Marketplace Operation.
The Fee Change will provide monthly tier credits to traders that have placed orders reaching a stated target percentage of time at the NBBO on a per symbol basis. The monthly tier credits are calculated on all of the trader’s eligible passive tradesfor that symbol for the month.