Reuters Hits Obstacle In Plan To Protect Deal With Cantor


Reuters has hit an obstacle in its bid to become a Recognized Market Transparency Organization (RMTO) in Canada. The staff of the Investment Dealers Association of Canada (IDA), as well as Star Data Systems, Bloomberg and Dow Jones Telerate Canada, are recommending that the IDA board of directors reject an application by Reuters to become an RMTO. An open hearing to discuss the proposal was underway in Toronto late last week as IMD went to press.

At the hearing, a subcommittee of the IDA's bo

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