Clear, transparent pricing for trading Canadian equities on CIX: maker-taker fees on ASPEN, inverted pricing on ASPEN VERT and a fee holiday on Midpoint, plus membership, connectivity and market data fees.
Negative (−) indicates that a rebate is paid to the Subscriber and positive (+) indicates that a fee is charged to Subscriber. All fees are stated in Canadian dollars (CAD) per share.
On CIX | IntelligentCross ASPEN, active Subscribers removing liquidity pay a fee; passive Subscribers providing liquidity earn a rebate.
The rates below apply to trades resulting from passive non-displayed orders (limit, market peg). An active order that trades against a passive non-displayed order is charged at the applicable Displayed Trading rate above.
Unintentional crosses are charged at the specified passive rebate below and a corresponding fee on the active order such that the net cost to Subscribers is $0.0002.
CIX | IntelligentCross ASPEN VERT is an inverted venue: active Subscribers removing liquidity earn a rebate, and passive Subscribers providing liquidity pay a fee.
The rates below apply to board-lot sized trades executed by Retail-Attested Trader IDs.¹
‘Retail’ Rates apply to orders sent by any Trader ID identified by a Subscriber in the form prescribed by CIX as an ID through which orders originating directly from a ‘Retail Client’ (as defined by CIRO) are sent. These Trade IDs, once properly attested, are referred to as Retail-Attested Trader IDs.
The rates below apply to board-lot sized trades executed by Trader IDs that are not Retail-Attested Trader IDs.¹
‘Retail’ Rates apply to orders sent by any Trader ID identified by a Subscriber in the form prescribed by CIX as an ID through which orders originating directly from a ‘Retail Client’ (as defined by CIRO) are sent. These Trade IDs, once properly attested, are referred to as Retail-Attested Trader IDs.
The rates below apply to trades executed where at least one side is from a non-displayed order.
Unintentional crosses are charged at the specified active rebates below and a corresponding fee on the passive order such that the net cost to Subscribers is $0.
The rates below apply to trades with a quantity of at least one whole share and less than, but not including one board lot, (>1 share and < one board lot), except for unintentional crosses the fees for which are listed above.
The rates below apply to all trades with a quantity of less than 1 whole share.
On CIX | IntelligentCross Midpoint, there are no active or passive sides to trades; both sides are charged equally.
There are no active or passive sides to midpoint trades; both sides are charged equally.
All fees are monthly, in Canadian dollars (CAD) or US dollars (USD) based on the Subscriber’s domicile, and apply per Market Data recipient or Subscriber unless otherwise noted.
The following monthly fees apply to all Subscribers accessing CIX, regardless of trading book.
Covers all CIX | IntelligentCross ASPEN market data products. Level 1 includes best bid/offer and last sale. Level 2 includes full depth-of-book.
Any terms not defined here have the same definitions as in the CIX Standard Market Data Terms.
Covers all CIX | IntelligentCross ASPEN VERT market data products. Level 1 includes best bid/offer and last sale. Level 2 includes full depth-of-book.
Market data fees for CIX | IntelligentCross Midpoint are currently being waived.
