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TSX SOR Automated Jitney

Automatically Jitney Your Order through the TSX SOR

The TSX Smart Order Router now offers Automated Jitney - a service that utilizes leading-edge routing algorithms to execute your orders at the best price across all protected Canadian markets, without subscribers having to join all marketplaces. This service automatically gives-up your trade directly to your jitney provider if the best price is available on a marketplace where you are not a subscriber.

Key Benefits

Complete and efficient market access without managing multiple marketplace relationships

Reduce costs associated with maintaining direct relationships across all Canadian marketplaces

Best-price compliant with IIROC and CSA policies

Turn-key solution to accessing all protected Canadian marketplaces, with one standardized agreement, one marketplace subscription/membership and one access point

STEP 1

Jitney subscriber (SOR user utilizing the Automated Jitney service) enters an order for smart routing.

STEP 2

TSX SOR determines marketplaces to be routed to based on routing logic.

STEP 3

Child orders are sent as:
A) Jitney child orders to marketplaces of which the jitney subscriber is not a member. Order will be sent with the jitney provider's broker number and trader ID; and/or
B) Regular child orders to marketplaces of which the jitney subscriber is a member. Order will be sent with their broker number and trader ID.

STEP 4

Executions are sent:
A) Execution reports sent back to the jitney subscriber retain their broker number and their trader ID.
B) Copy of all jitney executions are provided to jitney provider via FIX Drop Copy.

For more information please contact your Account Manager or our Sales Group at trading_sales@tsx.com