Nasdaq Canada Trading

CXC | CX2 | CXD

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Canadian Equities

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).

Advanced Orders

For a list of Advanced Order types and their definitions, click the learn more button below:

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Smart Routers

Fully customize your orders with Smart Routing!

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Controls

List of risk management controls and their definitions, click learn more below:

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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. 

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Key Benefits

Order Matching

Nasdaq Canada offers three trading books to meet a variety of trading styles.

Orders are matched based upon price/broker time priority.

Order Handling

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.

Special Facilities

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.

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