The CSA and IIROC are seeking comments on their joint paper by May 13
Both experts and regulators have been zeroing in on high-speed traders. Through debates and studies, they’ve questioned whether high frequency trading and electronic markets are affecting investors. Read: IIROC studies impact of electronic trading But there may be a bigger threat out there, reports Reuters. It finds the proliferation of dark markets, or the increase […]
Advisor.ca attended the OSC-IIROC Market Structure conference today and live-tweeted the event.
High-frequency trading is a topic of hot debate.
The Investment Industry Regulatory Organization of Canada has adopted rule amendments, approved by the Canadian Securities Administrators (CSA), designed to ensure the effective management of risks associated with electronic trading.
High-speed trading firms are snapping up profits from traditional investors, says Andrei Kirilenko of the CFCT.
Regulators need to look at market behaviours that cause problems for market participants as opposed to simply saying high-speed trading is bad.
IIROC has issued for comment proposed amendments to the trading rules relating to third-party electronic access to marketplaces and complementary draft guidance. Today’s proposed rule changes build on electronic trading provisions proposed by IIROC in June 2012 by providing a framework to govern three distinct types of third-party electronic access: order execution services to retail […]
The speed and complexity of electronic markets has continued to change at a rapid pace, with The New York Times reporting trade times are now measured in millionths of a second. Despite the benefits of cheaper and speedier trading, though, recent studies suggest there may be some major drawbacks for investors. Read: The limits of […]
To address risks stemming from electronic trading, IIROC today issued a package of proposed rule changes to align market trading rules with the implementation of the Canadian Securities Administrators (CSA) N1 23-103 Electronic Trading.