What are Iiroc rules?
What are Iiroc rules?
The IIROC Rules provide a clear, organized and modernized rewrite of IIROC’s existing Dealer Member Rules in plain language, and incorporate the Consolidated Rules and Continuing Education Rules. The IIROC Rules will become effective on December 31, 2021.
What is the order protection rule?
What Is the Order Protection Rule? The Order Protection Rule is one of the four main provisions of the Regulation National Market System (NMS). The rule is meant to ensure that investors receive an execution price that is equivalent to what is being quoted on any other exchange where the security is traded.
What marketplace does Iiroc regulate?
IIROC also regulates trading activity on debt and equity marketplaces in Canada, including all exchanges and alternative trading systems, under a single set of rules. Under Canada’s regulatory framework, a provincial securities regulator regulates an exchange directly.
Which body sets out the Universal Market Integrity Rules UMIR )?
the Investment Industry Regulatory Organization of Canada
Universal Market Integrity Rules (UMIR) are a set of rules governing trading practices in Canada. These rules are set out by an independent regulator, the Investment Industry Regulatory Organization of Canada (IIROC).
What is a 606 report?
U.S. Securities and Exchange Commission (SEC) Rule 606(a) requires all brokerage firms to make publicly available quarterly reports, broken down by calendar month, containing certain required statistical information regarding the routing of held, non-directed customer orders in Regulation NMS stocks and listed. options …
What is limit order protection?
A market-with-protection order cancels an order to buy or sell stock or other assets and re-submits it as a limit order. The limit will be set at or near the fair market price, as determined by the trader.
What does IIROC stand for?
The Investment Industry Regulatory Organization of Canada
The Investment Industry Regulatory Organization of Canada is the pan‑Canadian self‑regulatory organization that oversees all investment dealers and trading activity on Canada’s debt and equity marketplaces.
Who regulates the Canadian stock exchange?
The Canadian Securities Administrators
The Canadian Securities Administrators (CSA) is the umbrella organization of Canada’s provincial and territorial securities regulators whose objective is to improve, coordinate and harmonize regulation of the Canadian capital markets.
What does Iiroc stand for?
What does market integrity mean?
Market integrity is a cornerstone of fair and efficient markets, ensuring that participants enjoy equal access to markets, that price discovery and trading practices are fair, and that high standards of corporate governance are met.