Toronto Stock Exchange Closes POSIT Order Matching Platform Due To Lack Of Interest

TSX Markets has announced the closure of the POSIT Canada facility on the Toronto Stock Exchange from 31 December this year. The facility is being closed due to insufficient demand and usage. POSIT Canada is an electronic order matching system

By None

TSX Markets has announced the closure of the POSIT Canada facility on the Toronto Stock Exchange from 31 December this year. The facility is being closed due to insufficient demand and usage.

POSIT Canada is an electronic order matching system that prices trades at the mid-point of the bid and ask in the continuous market. All orders are anonymous and trade reporting shows an anonymous broker number.

In 2001, TSX entered into a software license agreement to use the POSIT software internally in connection with the operation of POSIT Canada for daily matching sessions of TSX listed issues.

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