Differences

This shows you the differences between two versions of the page.

--- cnsx [2013/07/24 14:41] – [Alternative Trading Systems (ATS)] hugo
+++ cnsx [Unknown date] (current) – removed - external edit (Unknown date) 127.0.0.1
@@ Line 1: / Line 1: @@
-====== Canadian National Stock Exchange (CNSX) ======
-The Canadian National Stock Exchange provides an alternative to traditional exchanges as it has lower costs and capitalization requirements than the other primary markets in Canada.
-[[http://www.cnsx.ca | Homepage]]\\
-Currency: Canadian Dollar (CAD)
-===== Trading Hours & Calendar =====
-Trading Hours - 09:30 - 16:00\\
-Holiday Calendar - The CNSX follows the Canadian holiday calendar along with other Canadian exchanges, as listed [[http://www.tmx.com/en/about_tsx/market_hours.html | here]].
-===== Trading Summary =====
-CNSX utilizes the same underlying technology for its primary market as it does for it's alternative trading venue [[PURE ATS|PURE]].
-==== Lit Order-types ====
-  * Limit Buy/Sell/Short (DAY/IOC)
-  * Limit Buy/Sell/Short Reserve (DAY)
-  * Market Buy/Sell/Short (DAY/IOC)
-  * Stop Limit Buy/Sell/Short (DAY)
-  * Market on Close Buy/Sell/Short (DAY)
-==== Alternative Trading Systems (ATS) ====
-  * [[omegaats|Omega ATS]]
-==== Basic Market Rules ====
-  * Lot Size varies by price as follows:
-^ Price Range ^ Board Lot ^
-| < $0.10 | 1000 |
-| $0.10 to $1 | 500 |
-| > $1 | 100 |
-  * Tick Size varies by price as follows:
-^ Price Range ^ Board Lot ^
-| < $0.50 | $0.005 |
-| >= $0.50 | $0.01 |
-  * Short Sale Rules - Short sell orders must be properly marked. There is no locate requirement intraday.
-  * Circuit Breakers - A market-wide trading halt will occur when the circuit breakers defined [[http://www.iiroc.ca/industry/rulebook/Pages/Circuit-Breakers.aspx | here]] are triggered. Tied primarily to movement of the DowJones Industrial Average, on days where US markets are closed, the S&P/TSX Composite will be used as reference.
-==== Auction Mechanisms ====
-The auction mechanism used by CNSX is similar to that on the [[tsx|TSX]] and [[tsxv|TSX-V]] markets in Canada. As such you can review that mechanism [[http://tmx.complinet.com/en/display/display_main.html?rbid=2073&element_id=546 | here]].
-=== Open ===
-Pre-opening phase is from 08:00:00 - 09:30:00, during this phase orders can be entered and cancelled but will not be matched. Matching takes place at the open (09:30:00).
-=== Close ===
-Market on Close (MOC) orders can be entered anytime before 15:40:00 after which time they cannot be cancelled and will participate in the closing print at 16:00:00.
-=====Additional Info=====
-=====See Also=====
-  * [[equity_markets|Equity Markets]]
-=====References=====