Exchanges, Alternative Trading Systems (ATSs) and Clearing Agencies 

Exchanges

The ASC has the statutory power to recognize 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 TSX Venture Exchange Inc. and the Natural Gas Exchange Inc. (NGX) as exchanges. The ASC has also recognized ICE Futures U.S., Inc., New York Mercantile Exchange, Inc., Chicago Mercantile Exchange, Inc., Chicago Board of Trade and Commodity Exchange, Inc. as exchanges. The ASC has granted NetThruPut, Alberta Watt-Ex, Toronto Stock Exchange, and ICE Futures Europe exemptions from recognition as exchanges.

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

Natural Gas Exchange Inc. (NGX) 
Recognition Order
Exemption Orders

NetThruPut Inc.
Exemption Orders

Alberta Watt-Ex Inc.
Exemption Orders

Toronto Stock Exchange (TSX)
Exemption Orders

Canadian National Stock Exchange (CNSX)
Exemption Order

ICE Futures Europe
Exemption Order

ICE Futures U.S., Inc. 
Recognition Order

New York Mercantile Exchange, Inc. (NYMEX)
Recognition Order

Chicago Mercantile Exchange, Inc. (CME)
Recognition Order

Chicago Board of Trade (CBOT)
Recognition Order

Commodity Exchange, Inc. (COMEX)
Recognition Order

Alpha Exchange Inc.
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

Other Orders

CME Group Inc. Confidentiality Order
ICE Futures U.S., Inc. Confidentiality Order
ICE Futures Canada, Inc. Confidentiality Order

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 NGX and NetThruPut Inc. as Clearing Agencies.

Natural Gas Exchange Inc. (NGX) 
Recognition Order 

NetThruPut Inc.
Recognition Order


TSX Venture Exchange Inc (TSXV)
4351224-v1-Amendment_to_CPC_Operating_Agreement_FULLY_EXECUTED.pdfAmendment to the CPC Operating Agreement dated April 30, 201011/5/2012
4257861-v3-TSXV_Recognition_Order.pdfTSX Venture Exchange Inc. Recognition Order: Exchange7/11/2012
4198786-v5-Maple_Notice_Final.pdfASC Notice 21-702 Proposed Acquisition of TMX Group Inc., Alpha Trading Systems Limited Partnership, Alpha Trading Systems Inc. and the Canadian Depository for Securities Limited by Maple Group Acquisition Corporation 5/14/2012
3999204-v2-Maple_group_application_to_ASC_re__TSXV_RO.pdfApplication by Maple Group Acquisition Corporation relating to the Recognition Orders of the TSX Venture Exchange Inc. and the Natural Gas Exchange Inc.10/7/2011
3989430-v12-ASC_BCSC_Notice_re_Maple_and_TSXV.pdfJoint ASC/BCSC Notice and Request for Comment: Application by Maple Group Acquisition Corporation10/7/2011
3916179 Withdrawal of Application-TMX Group Inc-Proposed Merger with LSE.pdfWithdrawal of Application: TMX Group Inc. - Proposed Merger with London Stock Exchange Group PLC6/30/2011
3864558-v1-FINAL_Joint_ASC_BCSC_Notice_and_Request_.pdfJoint ASC/BCSC Notice and Request for Comment5/13/2011
Application to the ASC (2).pdfTMX Group Inc. – Proposed Merger with London Stock Exchange Group PLC Application5/13/2011
3662503-v5-TSXV_2010_Final_Audit_Report.pdf2010 Market Regulation Oversight Report – TSX Venture Exchange Inc.1/31/2011
3728157-v1-TSX_Venture_response.pdfTSX Venture Inc. Response Letter to 2010 Market Regulation Oversight Report1/31/2011
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
1824575 v1 - ASC NOTICE OF TSXV RECOGNITION ORDER.pdfASC Notice of proposed amendments to TSX Venture Exchange Recognition Order5/20/2005
1851063 v1 - Schedule A - Blacklined ASC Recognition Order.pdfSchedule A to Application - Blacklined ASC Recognition Order5/20/2005
1851084 v1 - Schedule B - Blacklined BCSC Recognition Order.pdfSchedule B to Application - Blacklined BCSC Recognition Order5/20/2005
1851254 - Application to Amend Recognition Orders of TSX.pdfApplication to amend TSX Venture Exchange Recognition Order5/20/2005
1851089 v1 - Schedule C - TSXV Board Independence Standard.pdfSchedule C to Application - TSXV Board of Directors Independence Standards5/20/2005
Amended and Restated CPC Operating Apreement.pdfAmended and Restated CPC Operating Apreement3/24/2005
1261546v1_ASC_NoticeTSX_comments.pdfNotice - TSX Venture Exchange Inc. requests comments on proposed policies and forms and corporate finance policy amendments for the inactive issuer board 6/24/2003
1061634 v1 - NOTICETSXV RECOG AND APPENDICES.pdfRecognition of TSX Venture Exchange Inc.9/13/2002
1022208v7 -Sep 03-02TSX Venture Ex Recog Order.pdfTSX Venture Exchange Inc. continued recognition (formerly Canadian Venture Exchange Inc.)9/3/2002
_1033314_v3_ASC_Notice_of_TSX_Venture_Recognition.pdfNotice of Application from TSX Venture Exchange Inc. for Continued Recognition7/2/2002
1033832_v1_TSXV_Application_Continued_Recognition.pdfTSX Venture Exchange application to the ASC for continued recognition6/2/2002
ASC Notice regarding capital pool companies pub 06 may 2002.pdfASC Notice: Capital Pool Companies5/6/2002
CPC_Operating_AGREEMT_Pub Apr_5-02.pdfCPC Operating Agreement4/5/2002
TSX Venture Exchange's Policy 2.4 Capital Pool COmpanies Pub 5 apr 2002.pdfTSX Venture Exchange's Policy 2.4 Capital Pool Companies4/5/2002
TSX Venture Exchange's Form 3A Information Required in a CPC Prospectus Pub 5 apr 2002.pdfTSX Venture Exchange's Form 3A Information Required in a CPC Prospectus4/5/2002
TSX Venture Exchange's Form 3B Information Required in an InformationCircular for a Transaction - pub 5 apr 2002.pdfTSX Venture Exchange's Form 3B Information Required in an Information Circular for a Transaction4/5/2002
Recognitionof CDNX - Nov 26-1999a.pdfCanadian Venture Exchange Inc. (now TSX Venture Exchange Inc.) [revoked]11/26/1999

Natural Gas Exchange Inc. (NGX)
4277225-v7-PUBLIC_NGX_Annual_Assessment_Report_2011_JS.pdf2011 Market Regulation Annual Assessment Report8/30/2012
4257783-v1-NGX_Recognitions_Variation.pdfNatural Gas Exchange Inc. Exchange and Clearing Agency Recognitions: Variation7/11/2012
4198786-v5-Maple_Notice_Final.pdfASC Notice 21-702 Proposed Acquisition of TMX Group Inc., Alpha Trading Systems Limited Partnership, Alpha Trading Systems Inc. and the Canadian Depository for Securities Limited by Maple Group Acquisition Corporation 5/14/2012
3989430-v12-ASC_BCSC_Notice_re_Maple_and_TSXV.pdfJoint ASC/BCSC Notice and Request for Comment:  Application by Maple Group Acquisition Corporation 10/7/2011
3999204-v2-Maple_group_application_to_ASC_re__TSXV_RO.pdfApplication by Maple Group Acquisition Corporation relating to the Recognition Orders of the TSX Venture Exchange Inc. and the Natural Gas Exchange Inc.10/7/2011
3943485-v1-NGX_Annual_Assessment_Report_2010.pdf2010 Market Regulation Annual Assessment Report8/8/2011
3579196-v1-Market_Regulation_Annual_Assessment_Report.pdf2009 Market Regulation Annual Assessment Report7/16/2010
3139301-v1-ASC_notice_NGX_variation_April_2009.pdfASC Notice: Variation to NGX Recognition Orders4/14/2009
3137051-v3-NGX_Variation_order_crude_oil_2009.pdfVariation of the Exchange and Clearing Agency Recognition Orders4/14/2009
3001585-v2-ASC_NOTICE__NGX_RO_APPROVAL__OCTOBER_2008.pdfASC Notice:  NGX Recognition10/8/2008
3025360-v1-NGX_Final_RO_Exchange_of_2848152v19_for_publishing.pdfExchange Recognition Order10/8/2008
3025344-v1-NGX_Recognition_Order_Final_for_Publishing.pdfClearing Agency Recognition Order10/8/2008
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)
4257763-v1-TSX_Recognition_Variation.pdfTSX Inc. Exchange Recognition Exemption: Variation7/11/2012
3864558-v1-FINAL_Joint_ASC_BCSC_Notice_and_Request_.pdfJoint ASC/BCSC Notice and Request for Comment5/13/2011
Application to the ASC (2).pdfTMX Group Inc. – Proposed Merger with London Stock Exchange Group PLC Application5/13/2011
TSX_Venture_Exchange_Inc._ORDER.pdfTSX Venture Exchange Inc. Order9/8/2006
TSX_Inc._Exemption_Order_-_Sep_2-02.pdfTSX Inc.9/2/2002

Canadian National Stock Exchange (CNSX)
1725795_v2_-_CANADIAN_TRADING_AND_QUOTATION_SYSTEM_INC.PDFCanadian Trading and Quotation System Inc1/28/2005

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

ICE Futures U.S., Inc.
4427446-ICE_Futures_US_Recognition_Order_Feb_7__2013.pdfICE Futures U.S., Inc.2/8/2013
4105628-v1-ice_recognition_order_15_02_2012.pdfICE Futures U.S., Inc.2/17/2012

New York Mercantile Exchange, Inc. (NYMEX)
4181699-v4-NYMEX_Recognition_Order_-_April_2012.pdfNew York Mercantile Exchange, Inc.5/2/2012
4092899-v1-Exemption_Order_NYMEX_.pdfNew York Mercantile Exchange, Inc.1/31/2012
4018203-v1-extension_NYMEX.pdfNew York Mercantile Exchange, Inc.11/1/2011
3326624-v4-nymex_draft_order_revised.pdfNew York Mercantile Exchange, Inc.10/16/2009

Chicago Mercantile Exchange, Inc. (CME)
4181867-v4-CME_Recognition_Order_April_2012.pdfChicago Mercantile Exchange Inc.5/2/2012
4092933-v1-Exemption_Order_CME_.pdfChicago Mercantile Exchange, Inc.1/31/2012
4019043-v1-CME_Extension_Order.pdfChicago Mercantile Exchange Inc.11/1/2011
3333283-v1-Chicago_Mercantile_Exchange__Inc__Order.pdfChicago Mercantile Exchange, Inc.10/19/2009

Chicago Board of Trade (CBOT)
4181856-v4-CBOT_Recognition_Order_April_2012.pdfBoard of Trade of the City of Chicago, Inc.5/2/2012
4092913-v1-Exemption_Order_Board_of_Trade_of_the_City_of_Chicago__Inc_.pdfBoard of Trade of the City of Chicago, Inc.1/31/2012
3333284-v1-Chicago_Board_of_Trade_Order.pdfChicago Board of Trade10/19/2009
4018786-v1-extension_board_of_trade_of_city_of_chicago.pdfBoard of Trade of the City of Chicago, Inc.11/1/2011

Commodity Exchange, Inc. (COMEX)
4181797-v3-COMEX_Recognition_Order_April_2012.pdfCommodity Exchange, Inc.5/2/2012
4092920-v1-Exemption_Order_Commodity_Exchange__Inc_.pdfCommodity Exchange, Inc.1/31/2012
4018330-v1-Commodity_Exchange.pdfCommodity Exchange, Inc.11/1/2011
3333675-v1-Commodity_Exchange__Inc__(COMEX)_Order.pdfCommodity Exchange, Inc.10/19/2009

Alpha Exchange Inc.
4398918-Alpha Exchange Inc. and Alpha Trading Systems Limited Partnership - Exemption_Order.pdfAlpha Exchange Inc. and Alpha Trading Systems Limited Partnership12/19/2012
4279128-v3-Alpha_Final_Variation_Order.pdfAlpha Exchange Inc. and Alpha Trading Systems Limited Partnership8/13/2012
4178945-v4-Designation_Order_-_Alpha_Exchange.pdfAlpha Exchange Inc. and Alpha Trading Systems LP5/2/2012
4146010-v2-Alpha_Exchange_Inc__Exemption_Order.pdfAlpha Exchange Inc. and Alpha Trading Systems LP Exemption Order 3/27/2012

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)
MOU Re Oversight of Exchanges and QTRSs AS OF JANUARY 1 2010.pdfMOU Re Oversight of Exchanges and QTRSs  AS OF JANUARY 1 201012/18/2009

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