On Nov. 19, TSX Alpha amended order type to remove additional delay
TSX Alpha reported TSX Venture Exchange Inc. adopted amendments to the TSXV rule book to make certain amendments to long life order type, to implement in Q1 2025.
Order type designed to enhance quality of execution for natural investors and their dealers by rewarding with allocation priority those willing to commit liquidity to book.
Amendments to Order Type
Proposed to remove the additional delay imposed when a long life order is canceled.
Applicable only after required 1 second resting period, seeks to balance the promotion of market stability with provision of operational flexibility essential for effective trading.
However, delay on amendments to long life orders will remain unchanged at this time.
