Canadian Market Participants Skeptical of Proposed Exchange Data Fee Regulation


In May, the Canadian Securities Administrators (CSA), an umbrella organization of Canada’s provincial and territorial securities regulators, proposed a number of amendments to order protection rules (OPR) in Canada, which fall under the National Instrument 23-101 Trading Rules (NI 23-101) and mandate that all better-priced orders must be executed before inferior-priced orders, regardless of the market on which the order is displayed.

As part of the amendments, which are designed to address costs

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: