The Toronto Stock Exchange’s (TSX) planned series of trading fee cuts has received the green light from regulators. The new fee schedule will take effect on June 1.
TSX Equities announced Monday it has received regulatory approval for the slate of cuts, and other revisions, to the trading fee structures of the TSX, TSX Venture Exchange and TSX Alpha Exchange, which it proposed at the start of May.
These latest trading fee cuts follow the first series of reductions, which were introduced by TSX in June 2015.
TSX’s analysis of those changes did not reveal any negative impact on market quality. As a result, the exchange says it is seeking to further reduce the active fees and passive rebates, as part of its effort to “contribute towards the reduction of maker-taker fees across the Canadian equities markets until optimal levels have been reached.”
Overall, the TSX estimates that the effective active fee rate will come in at just under 0.25¢ per share for high-priced TSX-listed equities and exchange-traded funds (ETFs) under the new fee structure.