Client and Order Identifiers
Guidelines FAQ 6.115 FAQ 3.5 Short Code Scenarios File specifications
The client and order identifier are new requirements to introduce client identifiers and markers to identify orders when entered on the Electronic Trading System. These new requirements will enhance regulatory data by increasing transparency and allowing the Regulatory Division (the "Division") to link client activity across multiple Approved Participants and Foreign Approved Participants ("Participant"), thereby improving the Division's market surveillance functions.
Publications
| Date | Number | Title |
|---|---|---|
| June 26, 2024 | 075-24 | Client and Order Identifiers - Frequently Asked Questions (FAQs) |
| June 21, 2024 | 074-24 | Client and Order Identifiers - Extension of compliance deadline |
| March 28, 2024 | 030-24 | Client and Order Identifiers - Publication of Guidelines |
| February 13, 2024 | 015-24 | Client and Order identifiers: Short Code Scenarios and File Specifications for Reporting |
| December 7, 2023 | 144-23 | Self-Certification: Amendments to the rules of the Bourse regarding Client and Order identifiers |
| November 6, 2023 | 23-004 | Technical Specifications: Montréal Exchange Protocol Upgrade |
| March 27, 2023 | 044-23 | Request for comments: Proposed Amendments to the rules of the Bourse regarding client and order identifiers |
| June 29, 2021 | 122-21 | Call for Members Client Identifier Working Group Annex 1 |
| June 29, 2021 | 121-21 | Consultation Paper: Introduction of a New Client Identifier and Other Markers at Order Entry Annex 1 |
Status and upcoming publications
The rules introducing the client and order identifier requirements will become effective on June 28, 2024 after market close. Once the new requirements become effective, the Division recognises that Participants may need to make additional adjustments or address unforeseen challenges to fully comply with these requirements. The Division expects compliance with these requirements no later than March 31st, 2025.
The Division intends to make additional information available through publications and encourages those who have any questions to send them by email to info.mxr@tmx.com.
| Event/Publication | Details | Status / Target Date |
|---|---|---|
| Exchange of information session |
A meeting with representatives of Participants and ISVs to provide the opportunity to:
|
Held on January 25, 2024 |
| Publication: File specifications for reporting client information |
Describes the information to be included in the file which has to be submitted to the Division. |
Published on February 13, 2024 See Circular 015-24 |
| Publication: Short Code Scenarios |
A list of scenarios to illustrate various examples and the applicable reporting requirements. |
Published on February 13, 2024 See Circular 015-24 |
|
February 21, 2024: minor updates were made |
File updated on February 21, 2024 | |
| Publication: Guidelines |
The guidelines provide additional information and clarification on the new requirements, and set out the expectation of the Division |
Published on March 28, 2024 See Circular 030-24 |
| Publication: Compliance extension |
The Division decided to extend the timeline for Participants to ensure compliance with the Client and Order Identifiers requirements and is therefore establishing the compliance deadline to March 31st, 2025 |
Published on June 21, 2024 See Circular 074-24 |
| Publication: FAQs |
The existing FAQs on Articles 3.5 and 6.115 of the Rules were updated with a set of common Q&As in light of the new requirements. |
Published on June 26, 2024 See Circular 075-24 |