TRIACT CANADA MARKETPLACE LP
AMENDMENTS TO TRADING SYSTEM FUNCTIONALITY
NOTICE OF APPROVAL
In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F2 and the Exhibits Thereto, TriAct Canada Marketplace LP (also known as “MATCHNow”) has adopted, and the Ontario Securities Commission (“OSC”) has approved, significant changes to the MATCHNow Trading System (the “Amendments”).
DESCRIPTION OF THE AMENDMENTS
The Amendments concern MATCHNow’s proprietary pro-rata-based methodology for trade matching. Specifically, the Amendments relate to the description and examples of (1) the way in which the pro-rata methodology allocates residual board lots, and (2) how the rounding functionality operates within the pro-rata methodology.
These amendments are categorized as “significant changes” and should have been previously filed with the OSC. Due to an unintended oversight, these changes were not submitted to the OSC at the relevant time and, as a result, MATCHNow’s “In Detail” document had not been accurately describing the pro-rata functionality. The inaccuracies have now been corrected.
The Amendments have already been implemented.