July 25, 2025
Equities Notice 2025-025
TMX Equity Trading Notice
TMX Equities Announces Amendments to the TSX Alpha Fee Schedule
TMX Equities is advising clients that the TSX Alpha Exchange ("Alpha") trading fee schedule will be amended, effective August 1, 2025. The amendments relate to certain rebate increases, fee consolidations and fee increases applicable to continuous trades on Alpha, as applicable, as set out below.
Alpha
| Where trade price per share is: | |||
| <$1.00 | ≥$1.00 | ||
| ETFs | Non-ETFs | ||
| Order Removing Liquidity – Retail (Current Rebate) | ($0.0007) | Free | ($0.0024) |
| Order Removing Liquidity – Retail (Proposed Rebate) | ($0.0007) (No change) |
Free (No change) |
($0.0028) |
| Order Removing Liquidity – All other (Current Rebate) | ($0.0007) | Free | ($0.0021) |
| Order Removing Liquidity – All other (Proposed Rebate) | ($0.0007) (No change) |
Free (No change) |
($0.0025) |
| Order Providing Liquidity – Post Only (Current Fee) | $0.0011 | $0.0006 | $0.0029 |
| Order Providing Liquidity – Non-Post Only (Current Fee) | $0.0011 | $0.0004 | $0.0027 |
| Order Providing Liquidity (Proposed Consolidated Fee) | $0.0011 | $0.0006 | $0.0030 |
The updated Alpha Trading Fee Schedule will be made available here.