Nasdaq Canada offers three trading books for trading TSX, TSX-Venture and CSE listed securities CXC, CX2, and CXD.
CXC and CX2 are lit books offering Members the benefits of order attribution and price/broker/time execution priority. CXD is a dark book offering Members opportunities for price improvement and reduced information leakage.
CXD offers post trade attribution and price/broker/time execution priority. Each book operates independently of one another supporting its own market data feed. Order entry instructions for each book use the Financial Information Exchange protocol (FIX).
For a list of Advanced Order types and their definitions, click the learn more button below:
Fully customize your orders with Smart Routing!
For a list of risk management controls and their definitions, click learn more below:
Guaranteed Execution Facility
The Nasdaq Canada CX2 Guaranteed Execution Facility enables Nasdaq Canada Members to receive guaranteed auto-executions of at least the size of the Guaranteed Minimum Volume (GMV) for the residual portion of GEF Eligible Orders.
Nasdaq Canada offers three trading books to meet a variety of trading styles.
Orders are matched based upon price/broker time priority.
Industry-standard FIX protocol order entry viaa third-party and proprietary execution management systems.
Nasdaq Canada offers a range of traditional and specialized order types; order attributes are used to provide flexibility and control to the trader.
Odd Lot Trading: Each Nasdaq Canada Trading Book enables Members to trade Odd Lot orders with guaranteed fills for orders that are marked IOC and are immediately marketable against the NBBO>
Guaranteed Execution Facility: Nasdaq CX2 enables Members to receive guaranteed auto-executions of at least the size of the GMV for the residual portion of GEF eligible orders.
Related Product Information
Regulatory Oversight Committee Mandate Download Regulatory Oversight Committee Mandate
Conflict of Interest and Confidentiality Policies Download Conflict of Interest and Confidentiality Policies
Appeals Procedures Download Appeals Procedures
Guaranteed Execution Facility Member Addendum Download Guaranteed Execution Facility Member Addendum
Nasdaq Canada Market Data Specifications Download Nasdaq Canada Market Data Specifications
Nasdaq Canada Multicast Market Data Specifications Download Nasdaq Canada Multicast Market Data Specifications
Fact Sheet Download Fact Sheet
Nasdaq Canada Functionality Guide Download Nasdaq Canada Functionality Guide