The Listing Manual governs listing activity on the Exchange and is applicable to all companies or entities listing or which have listed with the Exchange.
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Resource Library
Listing Resources
Listing Manual
ViewListing Forms
ViewSelect a Listing Form:
Listing Fees
ViewThe Listing Fee Schedule outlines all initial, ongoing and transactional related fees associated with Listings on the Exchange
Payment Instruction
For payment instructions, please contact us.
Listing Standards
ViewMinimum Initial Listing Standards for Corporate Issuers
| Requirement | Equity Standard | Net Income Standard | Market Value Standard | Assets & Revenues Standard | SPAC |
|---|---|---|---|---|---|
| Shareholders' Equity | $5 million | - | - | - | - |
| Expected Market Value of Public Float | $10 million | $10 million | $10 million | $10 million | $30 million¹ |
| Publicly Held Securities | 1 million | 1 million | 1 million | 1 million | 1 million |
| Public Security Holders | 150 | 150 | 150 | 150 | 150 |
| Net Income from Continuing Ops | - | 750,000² | - | - | - |
| Market Value of Listed Securities | - | - | $50 million | - | - |
| Operating History³ | 2 years | 2 years | 2 years | 2 years | 2 years |
| Assets and Revenues | - | - | - | $10 million each | - |
| Investor Relations Requirement⁴ | Yes | Yes | Yes | Yes | No |
All dollar amounts are expressed in Canadian dollars.
¹ SPACs must also meet the criteria prescribed under section 10.16 of the Listing Manual.
² In the last fiscal year or in two of the last three fiscal years.
³ If Issuer does not have 2 years of operating history, a submission to the Exchange addressing all the factors set out in section 2.02(3) of the Listing Manual.
⁴ Budget of at least $100,000 for the 12 months after listing.
Ongoing Listing Standards for Companies
| Requirement | |
|---|---|
| Distribution | 500,000 public securities; and a minimum of 150 public shareholders |
| Market Value of Public Float | $2 million |
| Minimum Standard (at least 1 criteria must be met) | 1. Shareholders' equity of at least $2.5 million; 2. Net income from continuing operations of at least $375,000; 3. Market value of Listed Securities of at least $25 million; or 4. Assets and revenue of at least $5 million each |
| Investor Relations Requirement | Maintain an annual investor relations budget of at least $50,000. For a SPAC, this provision does not apply prior to the completion of a Qualifying Transaction. |
Trading Resources
Trading Policies & Functionality Guide
ViewTrading Hours
ViewNEO Listed Securities
| NEO-L | NEO-N | NEO-D | Crossing Facility | |
|---|---|---|---|---|
| Pre-Open | 7:00am-9:30am | - | 8:00am-9:30am | - |
| Opening Call | 9:30am | - | - | - |
| Continuous Trading | 9:30am-4:00pm(1) | 8:00am-5:00pm | 9:30am-4:00pm(2) | 8:00am-5:00pm |
| Closing Call | 4:00pm-4:05pm(3) | - | - | - |
| Extended Trading | 4:05pm(3)-5:00pm | - | - | - |
Other Securities
| NEO-L | NEO-N | NEO-D | Crossing Facility | |
|---|---|---|---|---|
| Pre-Open | - | - | 8:00am-9:30am | - |
| Continuous Trading | 8:00am-5:00pm(2) | 8:00am-5:00pm | 9:30am-4:00pm(2) | 8:00am-5:00pm |
1) Special Settlement Terms ("SST") orders are accepted and matched between the hours of 8:00AM - 5:00PM for all securities.
2) The odd lot facility is restricted to the hours of 9:30am-4:00pm. Odd lot or mixed lot orders sent outside of those hours will be rejected
3) Only for Closing Call Eligible Securities. Extended Trading commences at 4:00pm for NEO listed securities not eligible for closing call.
Membership & Trading Fees
ViewETF Volatility Threshold List
ViewList of Members
View| Company Name | Dealer |
|---|---|
| ACUMEN CAPITAL FINANCIAL PARTNERS | 200 |
| ATB SECURITIES INC. | 003 |
| AVISO FINANCIAL INC. | 088 |
| BARCLAYS CAPITAL | 090 |
| BEACON SECURITIES | 087 |
| BMO NESBITT BURNS | 009 |
| CALDWELL SECURITIES | 043 |
| CANACCORD GENUITY | 033 |
| CANTOR FITZGERALD | 004 |
| CI INVESTMENT SERVICES INC. | 028 |
| CIBC WORLD MARKETS | 079 |
| CITADEL SECURITIES | 005 |
| CITIGROUP GLOBAL MARKETS CANADA INC. | 123 |
| CLARUS SECURITIES | 024 |
| CORMARK SECURITIES | 073 |
| DESJARDINS SECURITIES | 019 |
| EDWARD JONES | 056 |
| EIGHT CAPITAL | 008 |
| FIDELITY CLEARING | 022 |
| FRIEDBERG MERCANTILE GROUP | 035 |
| GENERATION IACP INC. | 150 |
| GOLDMAN SACHS | 065 |
| HAMPTON SECURITIES | 094 |
| HAYWOOD SECURITIES | 062 |
| HIGHGATE GROUP INC. | 012 |
| IA PRIVATE WEALTH INC. | 076 |
| INDEPENDENT TRADING GROUP | 084 |
| INSTINET | 013 |
| INTEGRAL WEALTH SECURITIES LTD. | 017 |
| INTERACTIVE BROKERS | 057 |
| JONESTRADING | 091 |
| JP MORGAN SECURITIES | 222 |
| LAURENTIAN BANK SECURITIES | 048 |
| LEEDE FINANCIAL INC. | 068 |
| LIQUIDNET | 038 |
| MERRILL LYNCH | 039 |
| MORGAN STANLEY | 053 |
| NATIONAL BANK FINANCIAL | 080 |
| ODLUM BROWN | 025 |
| PARADIGM CAPITAL | 016 |
| PETERS & CO. | 077 |
| PGM GLOBAL INC. | 021 |
| PICTET | 086 |
| POLLITT & CO. | 092 |
| QUESTRADE | 124 |
| RAYMOND JAMES | 089 |
| RBC DOMINION SECURITIES | 002 |
| RESEARCH CAPITAL CORPORATION | 083 |
| SCOTIA CAPITAL | 085 |
| SOCIETE GENERALE CAPITAL | 101 |
| STATE STREET GLOBAL MARKETS | 023 |
| STIFEL NICOLAUS CANADA INC | 082 |
| TD SECURITIES | 007 |
| UBS SECURITIES | 015 |
| VELOCITY TRADE CAPITAL | 055 |
| VENTUM FINANCIAL CORP. | 059 |
| VIRTU CANADA CORP. | 014 |
| W.D. LATIMER CO. | 036 |
| WELLS FARGO SECURITIES CANADA LTD. | 026 |
As of September 30, 2024
Online Retail Brokers
ViewBelow you will find a list of Canadian discount brokerages that support trading and real time market data for securities listed and traded on Cboe Canada.
| Online Broker | Trading | Market Data |
|---|---|---|
| BMO Investorline | ||
| CI Direct Trading | ||
| CIBC Investor's Edge | ||
| Desjardins Online Brokerage | ||
| HSBC InvestDirect | ||
| Interactive Brokers Canada | ||
| Jitneytrade | ||
| Laurentian Bank* | ||
| National Bank Direct | ||
| Qtrade Direct Investing | ||
| Questrade | ||
| RBC Direct Investing | ||
| Scotia iTrade | ||
| TD Direct Investing | ||
| Wealthsimple |
*Trading is currently supported by telephone orders only
Real-time market data from Cboe Canada is available for retail investors. Please enquire with your discount broker on how you can access this data.
Click here to view real-time quotes for all Cboe Canada listed securities
Retail Advisors
ViewBelow you will find a list of Canadian wealth management brokerages that have confirmed support for trading and real time market data for securities listed on Cboe Canada across their advisor networks. Securities listed on the TSX, TSX Venture, and CSE exchanges are also traded on Cboe Canada.
| Retail Broker | Trading | Market Data |
|---|---|---|
| Assante Wealth*† | ||
| BMO Nesbitt Burns | ||
| Canaccord Genuity Wealth | ||
| CIBC Wood Gundy | ||
| Desjardins Wealth† | ||
| Haywood Securities† | ||
| IA Private Wealth Inc. | ||
| Laurentian Bank*† | ||
| Leede Financial Inc.† | ||
| Manulife Securities† | ||
| National Bank Financial | ||
| Raymond James† | ||
| RBC Dominion Securities | ||
| Research Capital Corporation | ||
| Richardson Wealth | ||
| Scotia McLeod | ||
| TD Wealth | ||
| Ventum Financial Corp.† |
This list is based on information provided to us by the brokerages. If your firm is missing from the list it does not necessarily mean Cboe Canada listed securities are not supported. Contact your branch administrator to enquire about Cboe Canada or call our investor helpline at 416-933-5970 for more information.
*Trading is currently supported by telephone orders only
†Real-Time data on Cboe Canada Listed Securities is available for Advisors upon request
Click here to view real-time quotes for all Cboe Canada listed securities
Closing Call Eligible Securities
ViewTrading Specifications
ViewExchange FIX 4.2 Order Entry Specification
Exchange FIX 4.2 Order Entry Specification
Exchange FIX 4.2 Drop Copy Specification
Trading Agreements
ViewThe following agreements govern all trading-related activities on Cboe Canada. The associated fee schedules are listed below each agreement.
Connectivity Services Agreement
Applicable to all entities that are connecting directly to Cboe Canada production environment for the purpose of sending orders or receiving market data. This includes dealers with proprietary systems or deployed vendor solutions, vendors with hosted services, data distributors and DEA clients connecting through sponsoring Members.
Connectivity Services Agreement
Connectivity Services Fee Schedule
Member Agreement
Applicable to all CIRO dealers who would like to become members of Cboe Canada.
Inter-listed Securities (Quarterly List)
ViewPursuant to section 6.6.1 of National Instrument 23-101 Trading Rules, Cboe Canada provides a quarterly list of every security interlisted on the Cboe Canada exchange and any exchange registered as a “national securities exchange” in the United States under section 6 of the Securities Exchange Act of 1934, as of the last day of the respective calendar quarter. Each list is published within 7 calendar days of the end of the respective quarter. The lists are as follows:
Interlisted - September 30, 2024
Interlisted - December 31, 2023
Interlisted - September 30, 2023
Interlisted - December 31, 2022
Interlisted - September 30, 2022
Please note: In accordance with section 6.6.1, each recognized exchange in Canada is responsible for publishing its own quarterly lists. As such, the above lists do not include interlisted securities that are listed on a Canadian exchange other than Cboe Canada.
Market Making
Obligations & Benefits
ViewCorporate Securities >=$1
| Obligations (per Book & per Security) | Base Tier |
|---|---|
| Quoting Two-sided quote, X% of time between 9.30am-4.00pm | 95% |
| Size & Spread Number of board lots (BL) within a maximum spread of X%, minimum 2 BL on each side | 4 BL 5% |
Corporate Securities <$1
| Obligations (per Book & per Security) | $0.01 - $0.09 | $0.1 - $0.49 | $0.50 - $0.99 |
|---|---|---|---|
| Quoting Two-sided quote, X% of time between 9.30am-4.00pm | 95% | 95% | 95% |
| Size & Spread Number of Board lots (BL) within $X spread, minimum 1 BL on each side | 4 BL $0.03 | 4 BL $0.05 | 4 BL $0.07 |
ETFs & CEFs
| Obligations (per Book & per Security) | Base Tier |
|---|---|
| Quoting Two-sided quote, X% of time between 9.30am-4.00pm | 95% |
| Size & Spread Number of board lots (BL) within a maximum spread of X%, minimum 2 BL on each side | 15 BL 4% |
Structured Products
| Obligations (per Book & per Security) | Base Tier |
|---|---|
| Quoting Two-sided quote, X% of time between 9.30am-4.00pm | 95% |
| Size & Spread Number of board lots (BL) within a maximum spread of X%, minimum 2 BL on each side | 30 BL 5% |
If you’d like to learn more about becoming a Cboe Canada market maker, contact [email protected].
List of Market Makers
View| Company Name | Dealer | ETFs & CEFs | Stocks & Related Securities | Primary Contact |
|---|---|---|---|---|
| BMO Nesbitt Burns | 9 | Joey Zhang – (416) 359-8371 | ||
| Canaccord Genuity Corp. | 33 | Eric Cheung – (416) 869-7295 | ||
| CIBC World Markets | 79 | Camilo Gil – (416) 594-8478 | ||
| ITG | 84 | Jeff Gamble - (416) 583-5828 | ||
| National Bank Financial | 80 | Alain Katchouni - (514) 879-6401 | ||
| RBC Capital Markets | 2 | Andrew Zhu - (416) 842-6649 | ||
| Scotia Capital | 85 | Alex Perel - (416) 863-7511 | ||
| TD Securities | 7 | Shannon Hunt - (416) 307 7664 | ||
| W.D. Latimer | 36 | Joshua Cauz- (416) 363-2734 | ||
| Virtu Canada Corp | 14 | Andrew Smith – (212) 418-0195 |
Market Maker Agreement
ViewApplicable to any IIROC dealer that would like to become a Designated Market Maker (DMM) on the NEO Exchange. All DMMs must also to sign the Member Agreement.
Market Data
Market Data Agreements
ViewStarting November 24, 2022, new NEO data customers will be required to enter into the Cboe Global Markets Global Data Agreement. For existing NEO Data Recipients, the Cboe Global Markets Global Data Agreement will become effective as of February 27, 2023, and will replace existing NEO Data Agreements.
Market Data Policies
Effective as of February 27, 2023, the Cboe North American Data Policies (the “Data Policies”) replaced the NEO Data Instructions. The Data Policies will supplement the Global Data Agreement and address the receipt, use, pricing, reporting, and distribution of data.
Historical Data Agreement & Order Form
Applicable to those who would like to subscribe to the NEO historical and corporate actions data file service and have not already executed the Data Agreement. NEO data file services can be selected using the Historical Data Order Form.
Market Data Fees
ViewCboe Canada provides free real-time market data on Cboe Canada listed securities. For non-professional data users, Cboe Canada also provides no-charge real-time data on other Canadian listed securities that trade on Cboe Canada.
To facilitate more affordable display access to consolidated Canadian market data, Cboe Canada offers reduced fees to professional subscribers whose business is focussed on servicing the retail investor.
How do I subscribe to Cboe Canada data?
Subscribing to Cboe Canada market data can be done through an approved data distributor, by receiving the data directly from Cboe Canada, or as part of a Canadian consolidated feed.
For further information please contact [email protected].
Market Data Specifications
ViewNITCH Market Data Specification
NEO Vendor Symbology
View| Data Vendor | Symbol Format | |||
|---|---|---|---|---|
| NEO-L | NEO-N | NEO-D | Consolidated Quote | |
| Refinitiv | DWG-GD | DWG-GR | n/a | DWG-MK |
| Refinitiv - RICS | DWG.NLB | DWG.NEO | DWG.NED | DWG.CCP |
| Bloomberg | DWG QF | DWG QH | DWG QG | DWG CN |
| ICE Data Services | DWG-QL | DWG-QN | n/a | DWG-CC |
| Quotemedia | DWG:AQL | DWG:AQN | n/a | DWG:CC |
| Activ | DWG.AQL | DWG.AQN | DWG.AQD | DWG.CAC |
| Factset | DWG-NEOL | DWG-NEOE | DWG-NEOD | DWG-CA |
| IRESS | DWG.NEO@NLB | DWG.NEO@NEO | DWG.NEO@NDB | DWG.NEO@CDX |
| Fidessa | DWG.NLT | DWG.NEN | - | DWG |
| ITS | DWG-Z | DWG-E | n/a | DWG |
NEO Connect Resources
List of Dealers & Manufacturers
View| List of Dealers: | List of Manufacturers: |
|---|---|
| Aligned Capital Partners | 3iQ Digital Asset Management |
| Canaccord | Antrim Investments |
| CI Investment Securities Inc. | Amur Capital Inc. |
| Desjardins | Canadian Mortgages Inc. |
| Echelon Wealth Partners | Exponential |
| Fidelity | Invesco Canada |
| Foster & Associates Financial Services | Kingwest & Company |
| GMP | Murabaha Inc. |
| IA Securities | Ninepoint Partners LP |
| ITG Canada | Provisus Wealth Management |
| Jitneytrade | Stone Investment Group |
| Laurentian Bank Securities | Westbridge Capital Ltd. |
| NBCN | |
| NBF | |
| PEAK Financial | |
| Qtrade | |
| Raymond James | |
| WealthBar Financial Services | |
| Wellington-Altus Private Wealth |
Market Data Access
ViewNEO Connect market data is now available providing information about PTFs (Platform Traded Funds) through all major data distributors including Thomson One, Bloomberg and other popular advisor and investor tools.
| Data Vendor | Symbol Appendix |
|---|---|
| ACTIV Financial | IVIG.NEOC |
| Bloomberg | IVIG:CN |
| Market-Q | See Fund Directory |
| Quotemedia | IVIG:CA |
| ThomsonOne | IVIG-GD |
| OMS Vendor | Symbol Appendix |
|---|---|
| IRESS | IVIG@NLB |
| Fidessa | IVIG.NLT |
| ITS | IVIG-Z |
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