IIROC has published the first two phases of a comprehensive report on high-frequency trading in Canadian equity markets.
Omega ATS, the alternative trading system for Canadian exchange-listed equities and fixed income instruments, today announced changes to its standard pricing and subscriber model. As of May 2, 2011, Omega ATS has dropped its monthly $350 subscriber fee, allowing all subscribers to maintain their Omega subscription for free. Omega has also increased the number of […]
TMX Group Inc. and QuoteMedia, Inc. announced today the launch of TSX InfoSuite, a new market data and shareholder solution powered by QuoteMedia, Inc., introduced to enhance the suite of services for Toronto Stock Exchange and TSX Venture Exchange listed companies. TSX InfoSuite offers a wide range of functionality and information to fulfill the ongoing […]
The growth of alternative trading systems is eating into the market share of traditional Canadian stock exchanges, but it may be a little early to sound the death knell of the TMX Group. The combined value of trades placed on the Toronto Stock Exchange and the TSX Venture Exchange fell from 68.6% in Q2 2010, […]
The Investment Industry Regulatory Organization of Canada has released an updated Strategic Plan, aimed at investor protection, improving its use of technology and how the regulator reacts to unexpected events. “Our revised Strategic Plan will guide us in providing efficient, cost-effective regulation while responding to important changes in the industry and markets we regulate,” said […]
Although the mainstream media on both sides of the pond are going to town about the proposed LSE-TMX merger, the sense in the Canadian financial industry is that it’s not really going to set the Thames on fire. A deal like this only means two companies are looking to develop or defend their market, says […]
Amid the hand-wringing that the merger of the TMX Group with the LSE would be a loss of sovereignty, a return of our old colonial masters, there’s another deal in the works that should knock the wind out of the assertion that this is an afront to Canadian pride. The Deutsche Borse, the operator of […]
TMX Group, operator of the Toronto Stock Exchange, has announced that it will merge with the London Stock Exchange. The result would be a trans-Atlantic market with a dominant role in capital financing for the mining industry. The spin off for Canadian investors is that the investing population of Britain — more than double that […]
Blog Polls Stock markets are occasionally unruly free-for-alls—or freefalls. The May 6 “flash crash” —where the Dow Jones Industrial Average plunged almost 1,000 points intraday—has sent securities regulators searching for explanations, culprits and safeguards. While the flash crash was less severe in Canada—the sympathetic movement on the Toronto Stock Exchange lagged the U.S. by two […]
When stock markets seized up in early May 2010 — the Dow Jones Industrial Average did a 15-minute, 1,000 point bungee jump — many were quick to point the finger at other fingers: the ones attached to ham-handed traders mistyping their sell orders. Maybe. Or maybe it was something else. Welcome to the new world […]