TSX Markets raises cap on monthly discounts

TSX Markets is increasing the cap on total trading fee monthly discounts to $1 million.

Effective immediately, the TSX is boosting the total TSX fee credit cap to $1 million from $750,000, per month, per brokerage firm. It says that it’s making the change due to the growth it has enjoyed.

All other components of the primary market fee structure remain unchanged. Orders entered into the order book (passive orders) continue to be free. Tradable orders are charged 2.0 basis points of the value of the trade, to a maximum of $50 per trade.

Discounts apply based on each firm’s value traded or number of trades (whichever provides for the greater discount) on TSX during a month as follows:

• 25% discount will be applied to value traded between $2.75 billion and $5.5 billion;
• 40% discount will be applied to value traded between $5.5 billion and $9.35 billion;
• 80% discount will be applied to value traded over $9.35 billion; or
• a 25% discount will be applied to trades between 100,000 and 300,000 trades, and a 40% discount will be applied to trades over 300,000 trades.

Total credits from the monthly discounts are now capped at $1 million per month.