Zentek Retains ICP Securities for Algorithmic Market Making at C$7,500 Monthly
Zentek has engaged ICP Securities to provide automated market‐making services using its proprietary ICP Premium® algorithm, beginning April 1 for an initial four‐month term at a C$7,500 monthly fee. The auto‐renewable agreement is designed to tighten bid‐ask spreads, support liquidity and improve quote quality on the TSX Venture Exchange.
1. Engagement and Terms
Zentek has entered a four‐month agreement with ICP Securities effective April 1 to deploy its ICP Premium® algorithm for automated market making. The contract includes a C$7,500 monthly fee, automatically renews for one‐month terms absent 30 days' notice, and contains no performance‐based incentives.
2. Liquidity and Trading Benefits
ICP will use its proprietary algorithm to correct temporary share imbalances, aiming to tighten bid-ask spreads, boost trading volume and enhance quote quality on the TSX Venture Exchange. This technology-driven approach seeks to deliver more orderly and efficient share trading.
3. Arm's-Length Relationship and Costs
ICP Securities operates as an independent CIRO dealer-member and will fund its own share purchases and sales without third-party financing. There is no equity compensation or stock options tied to the engagement, and ICP may acquire an interest in Zentek shares in the future.
4. Approval Process
The market-making arrangement is subject to approval by the TSX Venture Exchange and complies with its policies and applicable legislation. Zentek anticipates that enhanced liquidity will support trading dynamics as it advances toward key developmental milestones.