CIX Trading Inc.

CIX Trading Inc. (CIX) is admitted to membership in the Canadian Investment Regulatory Organization, effective July 20, 2026.

The head office is located at 120 Adelaide St West, Suite 2210, Toronto, ON M5H 1T1

Head Office Telephone: +1 437-286-1348

The Executives are:

• FOSTER, Jeffrey - Chief Executive Officer
• TIKHOMIROVA, Anastassia - Chief Compliance Officer
• MACK, Terry - Chief Financial Officer
• MOLLOY, Darren - Head, Trading & Operations

Concurrent with the approval of the membership of CIX, the CIRO Board of Directors also granted exemptive relief from certain requirements of the Investment Dealer and Partially Consolidated Rules (IDPC Rules) to CIX. In particular, the Board provided:

• relief from the requirement under IDPC Rule 2206(3)(iii) for related companies to guarantee each other for an amount equal to that person’s ownership percentage multiplied by the company’s financial statement capital, subject to the conditions described below.
• relief from the requirement under IDPC Rule subsection 4455(1) to have mail insurance that covers 100% of losses from any outgoing shipments of negotiable or non-negotiable securities by registered mail.

1. Authority to Grant Exemptions

IDPC Rule 1302 permits the CIRO Board of Directors to exempt a Dealer Member from any provision of the Rules where it is satisfied that to do so would not be prejudicial to the interests of Dealer Members, their clients or the public. In granting an exemption, the Board may impose such terms and conditions as are considered necessary.

2. Exemptions Granted and Conditions

As is standard for exemption orders of this type, the exemption order also specified that:

• The Board of Directors reserves the right to revoke the exemptive relief granted to CIX, at any time, upon notice to the applicant.
• The exemptive relief is void upon the earliest of the following taking place:
  • The implementation of any material amendments to the rules by CIRO or the provincial securities commissions relating to cross-guarantee requirements or mail insurance requirements. CIRO, and not CIX, will determine whether any rule amendments implemented are considered to be related to these requirements and are considered to be material, thus rendering this exemption order void.
  • CIX’s breach of any of the representations made in the Application,
  • CIX’s breach of any of the conditions relating to the exemptive relief granted.

Staff will only recommend approval of exemptive relief of this type under exceptional circumstances, and where the Dealer Member demonstrates that it has taken all reasonable steps to comply with CIRO Rules.

In addition, in connection with CIX’s application for membership, CIX made certain representations and agreed to provide certain undertakings to CIRO.

Cross-guarantee Exemption

1. CIX will not handle or hold as custodian, customer cash or securities;
2. CIX will not act as a principal or agent in connection with trades in securities, options or futures/commodities for customers; and
3. CIX will notify CIRO in writing in advance of any change in its business or operations that might conflict with the above conditions. If, in the view of CIRO, such change would conflict with these conditions, CIX will not make such change without the execution of a guarantee as required by IDPC Rule 2206(3)(iii) or the arrangement of some other form of security acceptable to CIRO.

For questions and further information regarding this Bulletin, please contact [email protected].