Hearings Postponed; IDA/Reuters Accord In The Offing?

VENDOR STRATEGIES

A hearing scheduled for last week to allow Reuters to appeal the Investment Dealers Association of Canada's rejection of its plan to become a recognized market transparency organization (RMTO) was postponed; no official reason for the delay was provided. The hearings were due to be held before the Ontario Securities Commission, which said they would likely be rescheduled for early August.

In applying for RMTO status, Reuters has been seeking to protect its exclusive agreement with Cantor Fitz