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ORIGINAL: CSE has OSC approval to adopt changes to trading system

2017-12-08 16:18 ET - News Release

Subject: Canadian Securities Exchange: Notice of Approval

PLAIN TEXT:

<html><head>    <title>Canadian Securities Exchange: Notice of Approval</title></head><body><div style="font-family: A
--->rial, Helvetica, Sans-Serif; font-size: 10pt;"><table><tr><td width=270><img src="http://www.newsfilecorp.com/images/n
--->ewsfile-wire-logo.jpg" width="248" height="54" alt="Newsfile Corp." /></td><td><h2 style="font-family: Arial, Helvetic
--->a, Sans-Serif;color:#0C2081;">Canadian Securities Exchange: Notice of Approval</h2></td></tr></table><hr style="color:
---> #0C2081; background-color: #0C2081; height: 5px;  margin: 20px 0px;" /><h3 style="font-family: Arial, Helvetica, Sans
--->-Serif;color:#0C2081;margin-top:5px;"><i>Amendments to Trading System Functionality & Features - New Order Types</i></
--->h3><p>Toronto, Ontario--(Newsfile Corp. - December 8, 2017) - In accordance with the Process for the Review and Approv
--->al of Rules and the Information Contained in Form 21-101F1 (the "Protocol"), CNSX Markets Inc. ("CSE") has adopted, an
--->d the Ontario Securities Commission (OSC) has approved, significant changes to the Trading System.</p><p>On September 
--->22<sup>nd</sup>, 2017, CNSX Markets Inc. ("CSE") published Notice 2017-016 - Amendments to Trading System Functionalit
--->y &#38; Features - Request for Comment, describing several new order types proposed by the CSE.  The period for public
---> comment expired on October 16, 2017.   <b>No comment letters were received</b>.</p><p><b>DESCRIPTION OF THE AMENDMENT
--->S</b></p><p>The changes included new order types and enhancements to existing order types. </p><p>The full text of the
---> amendments is available in Notice 2017-016:</p><p><a href="http://thecse.com/en/about/publications/notices/notice-201
--->7-016-amendments-to-trading-system-functionality-features">http://thecse.com/en/about/publications/notices/notice-2017
--->-016-amendments-to-trading-system-functionality-features</a></p><p><b>CHANGES TO PROPOSED AMENDMENTS</b></p><p>The pro
--->posed Minimum Quantity Order type will be simplified, such that it will be cancelled rather than placed in the terms b
--->ook, if the minimum quantity specified is not filled upon entry.  It will be renamed "Minimum Volume Order" for clarit
--->y.  Changes to the published proposal are indicated below.</p><p>Minimum <strike>Quantity</strike> <u>Volume</u> Order
---></p><p>Minimum <strike>Quantity</strike> <u>Volume</u> order is a visible order that will trade only against contra or
--->ders with a combined volume equal to or greater than the specified minimum.</p><ul><li>The Minimum <strike>Quantity</s
--->trike> <u>Volume</u> order will trade actively against lit orders in the book and dark orders, but only if there is a 
--->sufficient combined volume to completely fill the Minimum <strike>Quantity</strike> <u>Volume specified on the</u> ord
--->er.</li><li>If the Minimum <strike>Quantity</strike> <u>Volume</u> order does not fill, it will be <strike>posted in t
--->he terms book</strike> <u>cancelled</u>.</li><li><strike>An active contra order with remaining volume equal to or grea
--->ter than the specified minimum volume will trade with Minimum Quantity orders after any similarly priced orders in the
---> lit book have traded.</strike></li></ul><p><b>IMPLEMENTATION</b></p><p>To be included in the planned Q1 and Q3 2018 s
--->ystem releases.</p><p>Questions about this notice may be directed to:</p><p>Mark Faulkner, Vice President Listings &#3
--->8; Regulation,<br /><a href="mailto:Mark.Faulkner@thecse.com">Mark.Faulkner@thecse.com</a>, or 416-367-7341</p></div><
--->/body></html><p>If you no longer want to receive messages from us <a href='http://orders.newsfilecorp.com/unsubscribe.
--->aspx?id=news@stockwatch.com&token=ab3b8818eda7506765bd0f2c6deece87&cid=5318'>click here to unsubscribe</a>.</p>




HTML CONTENT:


<html><head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"><title>Canadian Securities Exchange: Notice of Appr
--->oval</title></head><body><div style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt;"><table><tr><td width
--->="270"><img src="http://www.newsfilecorp.com/images/newsfile-wire-logo.jpg" width="248" height="54" alt="Newsfile Corp
--->."></td><td><h2 style="font-family: Arial, Helvetica, Sans-Serif;color:#0C2081;">Canadian Securities Exchange: Notice 
--->of Approval</h2></td></tr></table><hr style="color: #0C2081; background-color: #0C2081; height: 5px;  margin: 20px 0px
--->;"><h3 style="font-family: Arial, Helvetica, Sans-Serif;color:#0C2081;margin-top:5px;"><i>Amendments to Trading System
---> Functionality &amp; Features - New Order Types</i></h3><p>Toronto, Ontario--(Newsfile Corp. - December 8, 2017) - In 
--->accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 (the &
--->quot;Protocol"), CNSX Markets Inc. ("CSE") has adopted, and the Ontario Securities Commission (OSC) has
---> approved, significant changes to the Trading System.</p><p>On September 22<sup>nd</sup>, 2017, CNSX Markets Inc. (&qu
--->ot;CSE") published Notice 2017-016 - Amendments to Trading System Functionality &amp; Features - Request for Comm
--->ent, describing several new order types proposed by the CSE.  The period for public comment expired on October 16, 201
--->7.   <b>No comment letters were received</b>.</p><p><b>DESCRIPTION OF THE AMENDMENTS</b></p><p>The changes included ne
--->w order types and enhancements to existing order types. </p><p>The full text of the amendments is available in Notice 
--->2017-016:</p><p><a href="https://mandrillapp.com/track/click/30568383/thecse.com?p=eyJzIjoiS0RROGdiQUxNbFozVU9GVkZ1d2d
--->tMUdocTJNIiwidiI6MSwicCI6IntcInVcIjozMDU2ODM4MyxcInZcIjoxLFwidXJsXCI6XCJodHRwOlxcXC9cXFwvdGhlY3NlLmNvbVxcXC9lblxcXC9hY
--->m91dFxcXC9wdWJsaWNhdGlvbnNcXFwvbm90aWNlc1xcXC9ub3RpY2UtMjAxNy0wMTYtYW1lbmRtZW50cy10by10cmFkaW5nLXN5c3RlbS1mdW5jdGlvbmF
--->saXR5LWZlYXR1cmVzXCIsXCJpZFwiOlwiYTU5MGYwM2E1OTViNDAwNmI5Y2M4MjU1NmQzYjQ1NGZcIixcInVybF9pZHNcIjpbXCIxMTI3ODFkZGE3Mjc0N
--->jk0ZTA5YTA1ZjdlOGNhZTIxYTczYzdmMjA0XCJdfSJ9">http://thecse.com/en/about/publications/notices/notice-2017-016-amendment
--->s-to-trading-system-functionality-features</a></p><p><b>CHANGES TO PROPOSED AMENDMENTS</b></p><p>The proposed Minimum 
--->Quantity Order type will be simplified, such that it will be cancelled rather than placed in the terms book, if the mi
--->nimum quantity specified is not filled upon entry.  It will be renamed "Minimum Volume Order" for clarity.  
--->Changes to the published proposal are indicated below.</p><p>Minimum <strike>Quantity</strike> <u>Volume</u> Order</p>
---><p>Minimum <strike>Quantity</strike> <u>Volume</u> order is a visible order that will trade only against contra orders
---> with a combined volume equal to or greater than the specified minimum.</p><ul><li>The Minimum <strike>Quantity</strik
--->e> <u>Volume</u> order will trade actively against lit orders in the book and dark orders, but only if there is a suff
--->icient combined volume to completely fill the Minimum <strike>Quantity</strike> <u>Volume specified on the</u> order.<
--->/li><li>If the Minimum <strike>Quantity</strike> <u>Volume</u> order does not fill, it will be <strike>posted in the t
--->erms book</strike> <u>cancelled</u>.</li><li><strike>An active contra order with remaining volume equal to or greater 
--->than the specified minimum volume will trade with Minimum Quantity orders after any similarly priced orders in the lit
---> book have traded.</strike></li></ul><p><b>IMPLEMENTATION</b></p><p>To be included in the planned Q1 and Q3 2018 syste
--->m releases.</p><p>Questions about this notice may be directed to:</p><p>Mark Faulkner, Vice President Listings &amp; R
--->egulation,<br><a href="mailto:Mark.Faulkner@thecse.com">Mark.Faulkner@thecse.com</a>, or 416-367-7341</p></div><img sr
--->c="https://mandrillapp.com/track/open.php?u=30568383&amp;id=a590f03a595b4006b9cc82556d3b454f" height="1" width="1"></b
--->ody></html><p>If you no longer want to receive messages from us <a href="https://mandrillapp.com/track/click/30568383/
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--->YjQ1NGZcIixcInVybF9pZHNcIjpbXCI2OGU1OGYxOWE5YmM3YTYxODRkOWU0ZjZlYTAwMDJiNmRiODMzZDMwXCJdfSJ9">click here to unsubscrib
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