IIAC COMMENTS ON IIROC'S PROPOSED AMENDMENTS TO THE TRADING OF DERIVATIVES ON A MARKETPLACE
The IIAC has responded to IIROC's proposed amendments respecting the trading of derivatives on a marketplace.
IIAC members support IIROC’s initiative in modifying its Universal Market Integrity Rules (UMIR) to include derivatives, and note the need for a harmonization of rules with other derivatives marketplaces in Canada to prevent inefficiencies in the Canadian derivatives market. The IIAC also requested assurance from IIROC that members would be provided ample time to develop the necessary systems and process changes before IIROC's designation and identifier requirements for derivatives become effective.
To view the IIAC comments, click here.
For more information, please contact Annie Sinigagliese.