Canada:
TSX Proposes Providing "Post Order" Functionality To Dark Orders
16 July 2012
Stikeman Elliott LLP
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TSX Proposes Providing "Post Order" Functionality To
Dark Orders
The Toronto Stock Exchange yesterday proposed
providing optional "post only" order functionality for
dark orders on the TSX. Currently, the post only feature is
only offered for visible orders. According to the TSX,
the expanded feature will "encourage all potential
liquidity providers to post price improved liquidity to the benefit
of retail, institutional or dealer order flow."
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