Exchanges, Alternative Trading Systems (ATSs) and Clearing Agencies 

Exchanges

The ASC has the statutory power to recognize stock exchanges. This recognition allows the exchanges to operate and sets out the terms and conditions under which the exchanges are regulated. The ASC has recognized the TSXV Venture Exchange Inc. as an exchange. The ASC has given the Natural Gas Exchange (NGX), NetThruPut and Alberta Watt-Ex exemptions from recognition as exchanges and has granted the Toronto Stock Exchange and ICE Futures Europe exemption from recognition as a stock exchange.

TSX Venture Exchange Inc (TSXV)
Recognition Orders
Rule Review
Oversight Review

Natural Gas Exchange Inc. (NGX)
Exemption Orders

NetThruPut Inc.
Exemption Orders

Alberta Watt-Ex Inc.
Exemption Orders

Toronto Stock Exchange (TSX)
Exemption Orders

ICE Futures Europe
Exemption Order

Recognition Order for Multiple Exchanges for specific sections of the Securities Act (Alberta)

Memorandum Of Understanding (MOUs)
Oversight of Exchanges and Quotation and Trade Reporting Systems

Alternative Trading Systems

The Canadian Securities Administrators (CSA) have developed a framework for regulating ATSs. National Instrument 21-101 Marketplace Operation, and National Instrument 23-101 Trading Rules, with their Companion Policies make up the “ATS Rules”.

Clearing Agency

The ASC has recognized NetThruPut Inc. as a Clearing Agency.

NetThruPut Inc.
Recognition Order


TSX Venture Exchange Inc (TSXV)
2891657 v1 - TSX-V VARIATION ORDER _MAY 2008_ - FINAL.pdfTSX Venture Exchange Inc. Variation Order5/30/2008
_2082395_v9_-_TSXV_EXAM_REPORT_POST_REVIEW.pdf2005 Oversight Audit Report7/10/2006
2005_TSXV_Oversight_Review.pdfTSXV Response to 2005 Oversight Audit Report7/10/2006
_1901659 v2 - TSX VENTURE EXCHANGE - RECOGNITION ORDER.pdfRecognition of TSX Venture Exchange Inc.8/12/2005

Natural Gas Exchange Inc. (NGX)
2930781 v5 - ASC NOTICE _NGX PUB ROS FOR COMMENT_.pdfASC Notice and Request for Comment7/15/2008
2848152 v15 - NGX DRAFT EXCHANGE ORDER.pdfProposed Exchange Recognition Order7/15/2008
2788992 v25 - NGX DRAFT RECOGNITION ORDER.pdfProposed Clearing Agency Recognition Order7/15/2008
2940777 v4 - NGX CONFIDENTIALITY ORDER.pdfNatural Gas Exchange Inc. Confidentiality Order7/15/2008
_1662761_v1_-_NATUAL_GAS_EXCHANGE_INC.s._144,_213_-_ABDECDOC.pdfNatural Gas Exchange Inc.12/1/2004
_985719_v4_-_Natural_Gas_Exchange_and_NGX_-_MRRSAlbertaDecision.pdfNatural Gas Exchange Inc.;NGX Financial Inc.6/7/2002
_819351v3_-_Natural_Gas_Exchange_Inc._-_MRRSAlbertaDecision.pdfNatural Gas Exchange Inc.;NGX Financial Inc.8/31/2001

NetThruPut Inc. Exemption Orders
_1918270_v2_-_NETTHRUPUT_INC._-_S._214_ORDER.pdfNetThruPut Inc.8/12/2005
_1673709_v1_-_NETTHRUPUT_-_S._144,_213_-_ORDER.pdfNetThru Put Inc.11/26/2004
983189_v2_-_NET-THRU-PUT_EXEMPTION_ORDER_(S._144_AND_213).pdfNetThruPut Inc.6/7/2002

Alberta Watt-Ex Inc.
_1282759_v3_-Alberta_Watt_Exchange_Limited__S._213,144,214_ORDER.pdfAlberta Watt Exchange Limited;The Canadian Energy Clearing Trust10/3/2003
_994055_v1_-_ALBERTA_WATT_EXCHANGE_LIMITED_S._213_AND_144_ORDER.pdfAlberta Watt Exchange Limited6/7/2002
_873953.1_-_Alberta_Watt_Exchange_-_ORDER.pdfAlberta Watt Exchange Limited11/24/2000
_641776_v1_-_Alberta_Watt_Exchange_Limited_-_S116_-_ORDER.pdfAlberta Watt Exchange Limited11/24/2000

Toronto Stock Exchange (TSX)
TSX_Inc._Exemption_Order_-_Sep_2-02.pdfTSX Inc.9/2/2002

ICE Futures Europe
_2057670_v2_-_ICE_FUTURES_-_S._213_-_ORDER.pdfICE Futures2/3/2006

Recognition Order for Multiple Exchanges for specific sections of the Securities Act (Alberta)
_1450673_v1_-_2004_BOR_91-501.pdfRecognition of exchanges outside Alberta for purposes of trading in exchange contracts (BOR 91-501)3/11/2004

Memorandum Of Understanding (MOUs)
_1054224_v1_-_SUPER_MOU_FOR_OVERSIGHT_OF_EXCHANGE_AND_QTR_SYSTEMS.pdfOversight of Exchanges and Quotation and Trade Reporting Systems9/3/2002

NetThruPut Inc. Recognition Order
_1669225 v4 - NETTHRUPUT INC. - S.67 - ORDER.pdfNetThruPut Inc.8/12/2005