The TSX Inc. is seeking comments on proposed amendments to its direct access trading rules.

The board of directors of the TSX has approved amendments that clarify the connectivity requirements for direct access trading on the Toronto Stock Exchange. The rules are being amended to confirm that orders of eligible clients can be transmitted either through the infrastructure of a participating organization (PO) or through a third-party system contracted by the PO and approved by TSX.

Also, TSX policies are being amended:

  • to confirm that the system of the PO must include a facility to either receive an immediate report of, or view on a real time basis, the entry or execution of orders;
  • to confirm that the system of the PO can employ order parameters or filters that will reject orders over a certain size or value; and
  • to delete the requirement that information about anonymous orders must be transmitted to the PO’s compliance staff, instead, the PO must know, on a real time basis, the identity of an eligible client who has entered an anonymous order.

Comments are due by June 12.