Canada Curbs Dark Pool Trading
Traders Magazine, April 2011
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.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.