USER LOGIN

Only Canadian registered dealers are eligible to become MATCH Now Subscribers, and can trade on MATCH Now as principal, or as agent for their retail and institutional clients. Orders may also be sent directly to MATCH Now by eligible clients of a Subscriber (Direct Access Clients). Third party networks and registered dealers that maintain their own proprietary market connections (collectively, Access Vendors) can connect to MATCH Now for the purpose of transmitting orders submitted by Subscribers and Direct Access Clients.

Subscribers must execute the TriAct Subscriber Agreement, which includes specification of the Access Vendors(s) through which the Subscriber will access MATCH Now; and authorization of each Direct Access Client.

Subscribers must:

  • be registered in Canada as an Investment Dealer;
  • be regulated by the Investment Industry Regulatory Organization of Canada Inc. (IIROC) and comply with all applicable regulatory requirements and securities laws, including the Universal Market Integrity Rules (UMIRs); and
  • report and settle all MATCH Now trades, either as a CDS Participant or through a qualified agent.

Access Vendors must execute the TriAct Network Connectivity Agreement, which includes, among other things, confidentiality provisions restricting the use of MATCH Now liquidity information

Access Vendors establish FIX connectivity to MATCH Now to:

  • Route Liquidity providing orders to the “MATCH Now Liquidity” destination
  • Receive limited information regarding the liquidity available in MATCH Now
  • Route to the “MATCH Now Marketflow” destination only those orders with a potential match

Direct Access Clients’ use of the MATCH Now system is subject to certain terms and conditions specified in the TriAct Subscriber Agreement.

Prior to granting clients direct access to MATCH Now, Subscribers must, among other things:

  • ensure that all orders are entered by clients that have direct access to the other marketplaces to which their orders may be routed; and
  • have the right to discontinue receiving any Direct Access Client’s orders at any time.