October 6, 2025
Equities Notice 2025-038
TMX Equity Trading Notice
鈥婻EMINDER: Implementation Details for the 2025 Q4 Amendments
TMX Market Operations would like to remind all clients of the upcoming 2025 trading amendments to the Toronto Stock Exchange ("TSX"), 黑料传送门 Venture Exchange ("TSXV"), and TSX Alpha Exchange ("TSXA"). These amendments are scheduled to be available in our production environment effective November 3, 2025 and the implementation details can be found as follows:
| Enhancements | Markets | Impact | Reference Notice |
| Alpha Post Only Minimum Size Requirement | Alpha |
- NO impact on Market Data feeds and FIX Order Entry
|
Equities Notice |
| Market on Open (MOO) | TSX and TSXV |
- Binary Level 1 and 2
- Broadcast
- FIX
- QRTMD Level 1 and 2
|
Equities Notice |
| Market on Close (MOC) | TSX and TSXV |
- Binary Level 1 and 2
|
Equities Notice |
Please note the Market on Open enhancement has received regulatory approval for both and . The Alpha Minimum Post Only size requirement continues to be subject to regulatory approval. The latest specifications are available on the .
The amendments are currently available in our Gateway Testing Environment.