Notice of Housekeeping Rule Amendments - Housekeeping Amendments to the Rules of Alpha Exchange Inc.

Alpha Exchange Inc. rule review and notices

December 2, 2021

In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 (the "Protocol"), Alpha Exchange Inc. has adopted, and the Ontario Securities Commission has approved, amendments (the "Amendments") to the Alpha Trading Policy Manual (the "Alpha Trading Policy"). The Amendments are Housekeeping Rules under the Protocol and therefore have not been published for comment. The Ontario Securities Commission has not disagreed with the categorization of the Amendments as Housekeeping Rules.

Reasons for the Amendments

The Amendments are being made to correct typographical errors, correct formatting errors, and standardize terminology.

Summary of the Amendments

The following sections of the Alpha Trading Policy will be amended:

Section of Alpha Trading Policy

Amendment

Rationale

1.

English and French Manuals: footer on every page

Remove "Alpha Trading Systems Limited Partnership" disclaimer from footer.

Remove an outdated disclaimer that is no longer applicable.

2.

English Manual: PART I. Definitions and Interpretations, Section 1.1-- Definitions

Correct capitalization in the definition of Member Related Person by replacing "A" with "a" before "Member Related Entity".

Correct typographical errors.

Correct article uses in the definition of Member Related Person by replacing "A" with "an" before "employee" and before "Approved Trader".

Correct article use in the definition of Member Related Person by replacing "A" with "any" before "other Person"

Correct article use in the definition of Sponsoring Member by replacing "a" with "an".

3.

English Manual: Part V. Governance of Trading Sessions, Division 2 -- Order Entry, Sections 5.11.2 and 5.11.3

Correct incorrect numbering for subsections 5.11.2 and 5.11.3.

Correct formatting error. Ensure French and English Trading Policy Manuals match.

4.

English Manual: PART VII. Clearing and Settlement, Section 7.4 -- Failed Trades in Rights, Warrants and Installment Receipts.

Insert space in subsection 7.4(2) and subsection 7.4(3) between "Section" and "7.3(2)".

Correct typographical errors.

Delete the second comma in subsection 7.4(3) after "Section 7.3(2)".

	Section of Alpha Trading Policy	Amendment	Rationale

1.	English and French Manuals: footer on every page	Remove "Alpha Trading Systems Limited Partnership" disclaimer from footer.	Remove an outdated disclaimer that is no longer applicable.

2.	English Manual: PART I. Definitions and Interpretations, Section 1.1-- Definitions	Correct capitalization in the definition of Member Related Person by replacing "A" with "a" before "Member Related Entity".	Correct typographical errors.

		Correct article uses in the definition of Member Related Person by replacing "A" with "an" before "employee" and before "Approved Trader".
		Correct article use in the definition of Member Related Person by replacing "A" with "any" before "other Person"
		Correct article use in the definition of Sponsoring Member by replacing "a" with "an".

3.	English Manual: Part V. Governance of Trading Sessions, Division 2 -- Order Entry, Sections 5.11.2 and 5.11.3	Correct incorrect numbering for subsections 5.11.2 and 5.11.3.	Correct formatting error. Ensure French and English Trading Policy Manuals match.

4.	English Manual: PART VII. Clearing and Settlement, Section 7.4 -- Failed Trades in Rights, Warrants and Installment Receipts.	Insert space in subsection 7.4(2) and subsection 7.4(3) between "Section" and "7.3(2)".	Correct typographical errors.
		Delete the second comma in subsection 7.4(3) after "Section 7.3(2)".

Text of the Amendments

The Amendments are set out as blacklined text in Appendix A.

Timing

The Amendments will become effective December 2, 2021.

APPENDIX A

HOUSEKEEPING AMENDMENTS TO THE ENGLISH ALPHA TRADING POLICY AND FRENCH APLHA TRADING POLICY

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Footer of English Alpha Trading Policy Manual

Footer of French Alpha Trading Policy Manual

© Alpha Trading Systems Limited Partnership. Tous droits réservés. Il est interdit de reproduire, de distribuer, de vendre ou de modifier le présent document sans l'approbation écrite préalable d'Alpha Trading Systems Limited Partnership.

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English Alpha Trading Policy Manual

PART I. Definitions and Interpretations

1.1 DEFINITIONS

[...]

Member Related Person[SUP]2[/SUP]	A Member Related Person is a A Member Related Entity, Aan employee, agent or contractor acting as an employee of a Member or a Member Related Entity, Partners, directors and officers of a Member or Member Related Entity, Aan Approved Trader; and Aany other Person designated by Alpha.

[...]

Sponsoring Member	A Member that provides an Electronic Access Client with access to the Alpha Systems.

[...]

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English Alpha Trading Policy Manual

PART V. Governance of Trading Sessions

DIVISION 2 -- ORDER ENTRY

PART 5 -- Definitions and Interpretations

[...]

5.11 CROSSES

[...]

5.11.12 SPECIALTY PRICE CROSSES

(a) Basis Cross

[...]

5.11.23 BYPASS CROSSES

[...]

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English Alpha Trading Policy Manual

PART VII. Clearing and Settlement

[...]

7.4 FAILED TRADES IN RIGHTS, WARRANTS AND INSTALMENT RECEIPTS

(1) [...]

(2) Where a demand has been made in accordance with Section 7.3(2), payment by purchasing Members for:

(a) [...]

(b) [...]

(3) Where a demand has not been made in accordance with Section 7.3(2),, settlement shall be in accordance with normal settlement procedures, but delivery of the rights, warrants or instalment receipts, as the case may be, is not required.

[...]