Differences

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

--- cnsx [2018/10/10 10:40] – [Auction Mechanisms] maya
+++ cnsx [2023/02/27 12:23] (current) – hammed
@@ Line 1: / Line 1: @@
-====== Canadian Securities Exchange (CSE) ======
+======Canadian Securities Exchange (CSE)======
 The Canadian Securities Exchange provides an alternative to traditional exchanges as it has lower costs and capitalization requirements than the other primary markets in Canada.
@@ Line 7: / Line 8: @@
 [[http://thecse.com/en/trading/hours-holidays | Hours of Operation & Holiday Hours]]
-===== Trading Summary =====
+=====Trading Summary=====
 CSE uses the same underlying technology for its primary market as it does for its alternative trading venue.
-==== Order Types ====
+====Order Types====
 **Note:** not all order types are available for every gateway.
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   * Limit Buy/Sell→ShortSell Reserve (Day)
   * Market Buy/Sell→ShortSell (Day/IOC)
-  * Market-on-Close (MOC) Buy/Sell→ShortSell (Day)
   * Pegged Midpoint Buy/Sell→ShortSell (Day)
-==== Alternative Trading Systems (ATS) ====
+====Alternative Trading Systems (ATS)====
-  * [[http://omegaats.com/|Omega ATS]]
+  * [[https://tradelogiq.com/|TradelogiQ ]]
+====Basic Market Rules====
-==== Basic Market Rules ====
   * Lot Size: varies by price, as follows:
@@ Line 38: / Line 41: @@
   * 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 in the IIROC [[http://www.iiroc.ca/Documents/2013/3a1b28bf-e586-479b-b2ea-bfcac791944b_en.pdf | Circuit Breakers]] document, are triggered. Tied primarily to movements of the Dow Jones Industrial Average. On days when US markets are closed, the S&P/TSX Composite will be used as reference.
+  * Circuit Breakers: a market-wide trading halt will occur when the circuit breakers, defined in the IIROC [[https://www.iiroc.ca/news-and-publications/notices-and-guidance/guidance-market-wide-circuit-breakers | Circuit Breakers]] document, are triggered. Tied primarily to movements of the Dow Jones Industrial Average. On days when US markets are closed, the S&P/TSX Composite will be used as reference.
 ==== Auction Mechanisms ====
 The auction mechanism used by CSE is similar to that on the [[tsx|TSX and TSX-V]] markets in Canada. For more information, see the [[http://thecse.com/en/support/dealers/order-types-and-functionality | Order Types and Functionality]] page.
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 ==Opening==
 Orders entered during the pre-open market state are queued in the regular term book and an opening price is calculated (the “Calculated Opening Price” or “COP”). Each symbol has only one opening price per move from pre-open to open market state. The COP is based only on the regular term book. Terms orders match and trade only after the opening state change. The following criteria are used to calculate the opening price in consecutive order:
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 **Note**: the CSE trading system does not support the following special trading sessions/facilities: STS crosses, LSTS (Last Sale Trading Session), MOC (Market on Close), MBF session (or MBF - Must Be Filled orders), or Option expiry.
-**Auction Periods**
+For more information, see the [[http://thecse.com/en/support/dealers/order-types-and-functionality | Order Types and Functionality]] page. CSE operates under rules similar to the TSX.
-**Pre-Imbalance** (07:00 - 15:40)
+===== See Also =====
-  * Continuous trading occurs, where bids and offers may be entered, amended, or cancelled
-  * No imbalance orders will be matched
-For more information on the auction mechanism on the Canadian Securities Exchange, see the [[http://thecse.com/en/support/dealers/order-types-and-functionality | Order Types and Functionality]] page. CSE operates under rules similar to the TSX.
-===== See Also =====
   * [[market_guides|Market Guides]]