Active Trader

Pricing and Qualification

Commissions and Fees for TD Waterhouse Active Trader and Active Trader Plus Platforms²

As a guideline, Active Trader is recommended for those who complete an average of 60 trades per quarter (about 1 trade per day). Alternatively, our WebBroker platform offers a full-featured and cost-effective solution.

Data Fees³

Data package includes the following real-time streaming data feeds:

• TSX Level 1
• TSX Level 2 (Market by Price)
• TSX-V Level 1
• TSX-V Level 2 (Market by Price)
• US Listed Securities
• OPRA (US Options)
• NASDAQ Level 1
• NASDAQ Level 2
• MX Level 1 (Cdn. Options)
• MX Level 2 (Cdn. Options)
• Comtex News

Exchange and ECN Fees⁴

Professional User Fees³

These fees may be applicable to clients classified as "professional users."⁵

Learn more about Active Trader

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		Visit our Download Centre
		Learn about our platforms

¹ We endeavour to keep the rates and fees posted at this site current. However, rates, fees and information is subject to change at any time without notice to users, and the posted rates and fees at this site may not immediately reflect such changes. Commissions are subject to change without notice. Customers of TD Waterhouse products and services will be advised of applicable fee changes at least 60 days prior to the effective date of the change.

² The following terms and conditions apply:

• In order to use the Services, your application must be accepted by us, in our sole discretion. One criterion for acceptance is your Trading History. In order to continue to use the Services, you must maintain a level of trading activity acceptable to us. The minimum acceptable trading level is 30 completed trades over each three month period that you use the Services. Trades on all accounts linked to your Active Trader Connect ID will be considered in determining if you meet the acceptable level of trading activity. Such determination will be made by us each month based on your trailing three month total, beginning with your first full month of access to the Services. We reserve the right to terminate your access to the Services at any time in our sole discretion on notice to you, regardless of your level of trading activity.
• Trade orders entered through TD Waterhouse Active Trader and TD Waterhouse Active Trader Plus will be charged the applicable commission rate on a per order basis.
• Orders entered through an Investment Representative are subject to Standard Commission Rates, as outlined in the TD Waterhouse Discount Brokerage Commission Schedule and Statement of Disclosure of Rates and Fees. Option assignments and exercises are subject to a commission charge of $43 flat in the currency of the account.
• All commission fees are charged in the currency of their market.
• Trades are defined as: Buys and sells of Equities or Options executed on the Active Trader or Active Trader Plus platform.
• All features, fees and commission rates are current as of January 2, 2010, and are subject to change.

³ Applicable taxes will be applied to Data Fees and Professional User Fees. Fees are subject to change on a minimum of 60 days notice to you.

⁴ You will be charged an ECN fee when you direct trades to an ECN and when such trades are deemed to be "removing liquidity." Removing liquidity is based on each ECN's definition as provided on its website. Fees are subject to change on a minimum of 60 days notice to you.

⁵ A "Professional User" is any one of the following:

• An employee of a member of any stock exchange or the Investment Industry Regulatory Organization of Canada (IIROC), or of any business registered under any securities law or regulation.
• An individual or entity trading in the account as a paid agent for a third party.
• An individual or entity whose account is in the name of a corporation, partnership or sole proprietorship.