Notice 2008-002 - New Trading Fee Schedule
CNQ Notice 2008-002
October 3, 2008
New Trading Fee ScheduleCNQ will implement a new trading fee schedule concurrent with the migration of trading in CNQ listed securities to the X-Stream trading system, scheduled for October 17, 2008. The new schedule introduces volume based fees, similar to those charged in other marketplaces, including Pure Trading. It also includes new trading fee credits for Market Makers in their stocks of responsibility.
Equity Securities (shares, warrants, rights)
Security Price Fee per Share Maximum Fee Minimum Fee
$1.00 or above $0.0014 $50.00 $1.00
Below $1.00 $0.0006 $50.00 $1.00
- Odd lot trades will be charged at the same rate per side with the maximum fee per side reduced to $0.50 and with no minimum fee.
- Crosses will be charged a flat fee of $9.75 per trade
- Designated Market Makers’ passive orders, in the stocks for which they have responsibility, will receive a credit of $.0003 per share per trade for stocks trading below $1.00 and $.0007 for stocks trading at or above $1.00, with a maximum credit of $25 per trade. This credit will also be applied to any and all Market Maker odd lot trades in those stocks to a maximum of $.50 per trade.
A flat fee will be charged at a rate of $9.75 per side per trade.
There is no monthly access fee for dealers participating in CNQ’s Listed Market.
For further information please contact:
Director, Listings & Regulation
416.572.2000 x2305 or