TSX Markets announced Monday that POSIT Canada will add a third match to be run at 9:50 ET, staring April 8.

With the additional match, POSIT Canada will run three call market matches per day at 9:50 AM, 10:30 AM and 2:30 PM Eastern Time.

During each match Participating Organizations and institutions send their orders directly to POSIT Canada without having to disclose their pre-trade information. Trades are matched at the mid-point of the bid/ask spread.

“As interest in POSIT Canada continues to grow, the addition of a third match underscores the TSX’s continued commitment to serving its clients’ needs, adding a concentrated source of liquidity closer to the market open,” said Richard Nesbitt, president of TSX Markets.

POSIT Canada is a facility of TSX Markets using technology licensed from the POSIT Joint Venture, a joint venture between a subsidiary of Investment Technology Group, Inc. and a subsidiary of Barra, Inc. POSIT is the world’s largest system for electronic matching of equities during the market day.