Chi-X® Canada ATS Limited, a wholly owned subsidiary of alternative trading venue operator Chi-X® Global Holdings LLC, today released CX2’s Odd Lot Facility pricing schedule and confirmed its launch on Wednesday, April 1, 2015.
CX2’s Odd Lot Facility will offer unique features which include the ability to immediately execute marketable odd lot IOC orders for all TSX listed and TSX Venture listed securities at the contra-side of the Canadian Best Bid Offer (CBBO).
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CX2 Odd Lot Facility Pricing Schedule |
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TSX & TSXV listed securities $1 & up |
Liquidity removing fee: $0.0020 |
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TSX & TSXV listed securities below $1 |
Liquidity removing fee: $0.0005 |
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Odd Lot Facility will be available from 9:30am to 4:00pm ET |
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Dan Kessous, CEO of Chi-X Canada, commented: “We would like to thank the trading community which was the key driver behind the inception of CX2’s Odd Lot Facility. We recognize that Chi-X, the largest competitor to the primary market, is in a unique position to bring greater trading efficiencies as we look to drive positive change to benefit all investors.”
In February, Chi-X and CX2 captured 21.2% market share of TSX listed securities by volume traded.
