Order of processing transactions

The transaction processing order determines the change in the net cash balance and positions held.

The Bourstad Simulation Operations Processing System processes participants' transactions in the order determined by the date and time the transaction was recorded by the automatic transaction entry system at the applicable market price for that transaction.

For limit-price transactions, the order of processing is also determined, if applicable, by the time of the first market quotation that meets the limit price criterion before the order expires.

Transactions involving actively managed investment fund units are processed at 8 pm on the day determined by the applicable price provision for that class of securities.