Tuesday January 31 2017
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Canada
Link: http://www.iiroc.ca/Documents/2017/fedf2914-9d18-4ab7-91d0-a68949bd10a6_en.pdf
The Canadian Securities Administrators (CSA) in its Notice of Approval published on 7th April 2016, stated that they would publish a list of marketplaces that display orders that will not be protected (unprotected marketplaces) for the purposes of the order protection rule on an annual basis each January. The CSA published this list of unprotected marketplaces on 30th January 2017.
The Investment Industry Regulatory Organisation of Canada (IIROC) has published the following lists of protected and unprotected marketplaces, as determined by the CSA. The lists are in effect from April 1, 2017 to March 31, 2018.
List of protected marketplaces
The orders displayed on the following marketplaces are protected because either the marketplace meets the market share threshold and/or the orders are for securities that are listed by and traded on that marketplace:
|
Marketplace |
Market Share |
Status |
Reason Protected |
|
CSE |
3.20 |
Protected |
Meets market share threshold |
|
Nasdaq CXC |
12.61 |
Protected |
Meets market share threshold |
|
Nasdaq CX2 |
4.69 |
Protected |
Meets market share threshold |
|
OMEGA |
5.62 |
Protected |
Meets market share threshold |
|
TSX |
52.43 |
Protected |
Meets market share threshold |
|
TSX VENTURE |
11.23 |
Protected |
Meets market share threshold |
|
AEQUITAS Lit Book |
1.46 |
Protected for Aequitaslisted securities only |
Exchange protected for its listed securities |
Click on the link above for further details.