Is The CSA Trying to Achieve Parity with SEC Regulations Really Enough?
Marketplace pricing is one of the integral components of competitiveness along with product quality (latency, rule fairness) and quantity (liquidity). The risk of the CSA’s Proposed Amendments, as currently drafted, is the codification of a system where Canada will have reduced, if any, comparative advantage to the U.S., or, be disadvantaged in the trading of its own securities and/or from differentiating Canadian from U.S. marketplaces based on fee structure.
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