Canada:
TSX Proposes Prioritizing Dark Orders With Minimum Size Conditions
25 July 2011
Stikeman Elliott LLP
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Earlier this month, the TSX released proposed amendments to
its Rules that would
allow dark orders with a minimum size condition to have trading
priority over dark orders without such a condition, as long as the
dark orders were at the same price. Dark orders were launched on
the TSX and TSX-V in March and the proposed amendments are intended
to provide an incentive to encourage dark orders of a larger size.
Comments on the proposed amendments are being accepted until August
8.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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