Regulatory Alerts2019-01-31
CSA Staff Notice 23-324 Order Protection Rule Market Share Threshold for April 1, 2019 to March 31, 2020
The Canadian Securities Administrators issued this notice to update the list of protected and unprotected marketplaces for the Order Protection Rule for the period April 1, 2019 to March 31, 2020. The document establishes a market share threshold of 2.5% and identifies Aequitas NEO Exchange’s lit book, NEO-L, as the only new addition to the list of protected marketplaces. It further details that orders on dark marketplaces and those failing to provide automated trading functionality remain unprotected under Regulation 23-101.
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