CIX Launches the First New Canadian Equity Marketplace in Over a Decade

CIX Trading Launches the First New Canadian Equity Marketplace in Over a Decade ‍

First new standalone Canadian equity marketplace in more than a decade brings the advanced execution platforms of IntelligentCross to Canadian Investors

TORONTO, ON - September 21, 2026 - CIX Trading Inc. ("CIX" or the "Company"), Canada's new next-generation alternative trading system ("ATS"), today announced the official launch of CIX, the first new standalone Canadian equity marketplace in more than a decade.

CIX begins live trading today with approximately 25 actively traded securities. The Company expects to expand coverage to approximately 100 securities on September 23, followed by full production symbol coverage on September 28, completing the marketplace's initial rollout.

CIX brings a new generation of trading technology and market structure to Canada's capital markets. Powered by IntelligentCross, the largest U.S. equity ATS by volume, CIX launches with three specialized trading venues designed to improve execution quality and provide greater access to liquidity: IntelligentCross MIDPOINT, ASPEN, and ASPEN VERT.

The launch represents the first step in a broader innovation roadmap for CIX. The Company has been approved to introduce fractional-share trading and to operate extended trading hours from 7:00 a.m. to 8:00 p.m. ET, with this functionality expected to become available in late Q4 2026 as industry and regulatory readiness allows.

"Today marks an important milestone for CIX and for Canada's capital markets," said Jeff Foster, Chief Executive Officer of CIX. "We founded CIX because we believe Canadian investors and market participants should have access to the same advanced trading innovation available in the world's leading markets. Bringing IntelligentCross’s highly successful platforms to Canada is an important first step in building a more innovative and efficient Canadian equities market."

"We are incredibly proud of the team that brought CIX to life and grateful to our subscribers, technology partners, regulators, and industry stakeholders who helped us reach this milestone. Today is just the beginning, not the finish line." Foster continued.

IntelligentCross uses data-driven, symbol-specific matching technology designed to optimize when trades occur, with the objective of reducing adverse selection, or market impact, slippage, and negative post-trade mark outs.

CIX is implementing the IntelligentCross platforms for the Canadian market through three distinct trading books:

• IntelligentCross Midpoint, providing non-displayed liquidity at the midpoint;

• IntelligentCross ASPEN, a maker-taker market offering displayed and non-displayed liquidity; and,

• IntelligentCross ASPEN VERT, an inverted market offering displayed and non-displayed liquidity.

Together, the three trading books are designed to provide Canadian dealers, institutional investors, retail brokers, market makers, and other participants with greater flexibility in how they access and provide liquidity.

"Market impact and adverse selection are the lion's share of what investors pay to trade -- they are an invisible cost of execution in every market, Canada included," said Roman Ginis, Founder and CEO of Imperative Execution, the parent company of IntelligentCross. "We built IntelligentCross to use data to decide when each stock should trade to deliver the best outcome for investors. CIX adapts that same matching technology to Canadian securities because Canadian investors should not have to choose between more liquidity and better performance - they should be able to achieve both."

CIX will initially operate from 8:00 a.m. to 5:00 p.m. E.T., Monday through Friday, and will continue to bring new innovations to Canada's capital markets. For more information or to access subscriber documentation, go to www.thecix.ca.

About CIX Trading Inc.

CIX Trading Inc. is building Canada's most technologically advanced equity marketplace, combining high-performance execution technology with local access and modern market infrastructure.

CIX operates three trading venues, each designed to serve distinct trading and liquidity needs. Powered by IntelligentCross, the largest U.S. equity ATS by volume, CIX's platform uses advanced matching technology designed to improve execution quality, reduce slippage and improve post-trade outcomes.

CIX's mission is to provide Canadian market participants with greater choice, better technology and faster access to market innovation.

For more information, visit www.thecix.ca or contact info@thecix.ca.  

Media Inquiries

media@thecix.ca

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