The Ontario Securities Commission (OSC) has approved various fees charged by TSX Inc. and Alpha Exchange Inc., concluding that they don’t prevent fair access to the markets.
In Thursday’s OSC Bulletin, the commission reports that it has approved certain existing fees of the TSX and Alpha, which were required to receive regulatory approval under their recognition orders. This includes listing fees, various market making fees and market data fees.
The notice announcing the approval indicates that OSC staff assessed the fees “to determine whether or not any discount, rebate, allowance, or price concession associated with the fee is so narrowly accessible by certain marketplace participants only that it raises concerns about fair access to the marketplace’s services.”
In particular, it indicates that specific attention was paid to whether the fees are accessible only to investment dealers with a significant ownership interest in TMX Group Ltd. (formerly known as Maple), or are available to a broader range of market players. Following the review, it approved the fees.