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Canada Curbs Dark Pool Trading

Traders Magazine, April 2011

John D'Antona Jr.

Canadian regulators have peered across the border and don't like what they see. Canada's three main regulators -- Canadian Securities Administrators--CSA--the Ontario Securities Regulator--OSC-and the Investment Industry Regulatory Organization of Canada--IIROC--are on the verge of jointly proposing updates to existing rules that would effectively nip in the bud U.S.-style dark pool trading. Behind the thinking is a long history of transparency in a marketplace which requires all trades to be taken to an exchange or otherwise "lit" market for a print.

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