Notice 2014-009 - CSE Market Makers And The Guaranteed Minimum Fill - Launch

(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/10/14 -- Following the successful completion of a pilot project with two symbols, the CSE is now accepting applications for Market Makers for all CSE-listed securities. As outlined in the November 14 notice the CSE is modifying its market making programme to improve execution quality and service for retail investors. Market Makers will have the following responsibilities in their assigned stocks:
Guaranteed Minimum Fill - In general, client orders with a total volume less than or equal to the Guaranteed Minimum Fill amount on a designated security that are entered with a price at or better than the market at the time of entry will be entitled to a complete fill. An incoming order will first trade with available orders in the book, and the Market Maker will fill the balance if necessary.
Odd Lot Auto Trading - Odd lot orders that are priced at or better than the market at the time of entry (i.e. tradeable) will be filled automatically by the Market Maker.
Additional Information
For a complete list of CSE securities visit: .
For a description of the rule amendments related to Market Makers see: - Notice and Request for Comments - Amendments to Rule 4 Trading of Securities, published April 11, 2014.
For a description of the changes to odd-lot matching see: - Notice and Request for Comments - Changes to Oddlot Matching, Published September 4, 2014.
Amendments were approved and implemented in October, 2014. See: - Notice of OSC Approval: Rule 4 Amendments and Changes to Oddlot Matching, published October 23, 2014.
Contacts:
Canadian Securities Exchange (CSE)
Adam Schmidt
416.367.7362
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Bereitgestellt von Benutzer: Marketwired
Datum: 10.12.2014 - 20:37 Uhr
Sprache: Deutsch
News-ID 358671
Anzahl Zeichen: 2491
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Investment Services & Trading
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