dealers for execution," provincial regulators wrote in a joint statement Monday. "It has come to the attention of the that a number of Canadian investment dealers have entered into, or are considering entering into, arrangements to route Canadian retail investor orders on a broad basis to U.S. In Canada, such payments are prohibited, but there are growing worries that brokers here are sending trades to the U.S. South of the border, alternative trading venues have boosted their profiles through "payment for order flow," a process in which they effectively buy orders from brokers. Canadian regulators are taking action to curtail the number of stock trades that are sent to the U.S.
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