Industry


Electronic Trading


National Instrument 23-103 Electronic Trading and Direct Electronic Access to Marketplaces

National Instrument 23-103 Electronic Trading and Direct Electronic Access to Marketplaces (ETR) sets out a regulatory framework to help ensure that marketplace participants and marketplaces manage the risks associated with electronic trading. ETR addresses the risks of electronic trading by providing specific requirements for controls, policies and procedures relating to electronic trading. ETR took effect on March 1, 2013.

The CSA approved proposed amendments to ETR on July 4, 2013 relating to the provision of direct electronic access. These amendments will come into effect on March 1, 2014.

For more information:

Electronic Trading Risk Review

The OSC retained a consultant to analyze the tools and controls that have been proposed and introduced in Canada and to provide recommendations on any identified gaps that should be addressed. The consultant gathered information from market participants regarding the risks posed by electronic trading and provided recommendations in her report. This report is included as Appendix A to OSC Staff Notice 23-702 Electronic Trading Risk Analysis Update. 

For more information: