In June, five new Exchange Traded Funds (ETFs) were listed on the Cboe Canada exchange:
- ZHC | BMO Human Capital Factor US Equity ETF
- FCIP | Fidelity All-in-One Conservative Income ETF
- FFIX | Fidelity All-in-One Fixed Income ETF
- GBFE | Guardbonds 2028 Investment Grade Bond Fund
- GBFF | Guardbonds 2029 Investment Grade Bond Fund
As of June 30, 2025, Cboe Canada is home to 248 ETFs, 33 corporate listings and 123 Canadian Depositary Receipts (CDRs).
What to Know About Cboe BIDS Canada Market Structure
- Non-conditionally aware Universal Market Integrity Rules (UMIR) 6.6 sized order flow in MATCHNow can convert to a conditionally aware order using either a port level default or FIX tag (8002=2)
- Adding Willing-To-Trade (WTT) logic onto your MATCHNow UMIR 6.6 sized order ensures all dark liquidity is exhausted in both the firm and conditional order books of MATCHNow
- Plus, a port level default is free to enable with no development work
Check out Willing-To-Trade statistics from the second quarter of 2025 below.
Source: Cboe Internal Data
Cboe Market on Close – DEFI Case Study
The Closing Call on Cboe Canada’s NEO-L Trading Book is a blind auction that runs alongside the continuous trading session on each trading day. The Closing Call applies exclusively to eligible Cboe Canada listed securities and functions similar to closing auctions currently in use on other North American exchanges. The Closing Call consists of multiple phases, during which auction update messages containing imbalance information are disseminated.
Matching Priority of Orders
- Market-on-Close (MOC) orders
- Better priced limit, Limit-on-Close (LOC), and Late Limit-on-Close (LLOC) orders
- Limit, LOC, and LLOC orders priced at the Calculated Closing Price
If there are multiple orders within each order type above, they will be executed in broker, NEO trader, and/or time priority order. Note: dark and Odd Lot orders are not eligible for the Closing Call.
The Cboe MOC presents trading opportunities for those nimble enough to participate and provide contra liquidity in the event an imbalance occurs.
Source: Bloomberg
