Part 6 - Order Entry and Exposure
Defined Terms:
NI 21-101 section 1.1 – “order”
NI 21-101 section 1.4 – Interpretation -- “security”
UMIR section 1.1 – “Access Person”, “Basis Order”, “best ask price”, “best bid price”, “better price”, “Call Market Order”, ”Closing Price Order”, “Dark Order”, ”Market-on-Close Order”, “Market Regulator”, “marketplace”, “Opening Order”, “Participant”, “standard trading unit” and “Volume-Weighted Average Price Order”
UMIR section 1.2(2) – “trade”
Regulatory History:
On April 13, 2012, the applicable securities commissions approved an amendment, effective October 15, 2012, to add section 6.6.
Effective July 30, 2015, the applicable securities commission approved an amendment to subsection 6.6(2). See IIROC Notice 15‑0168 – “Dark Order Price Improvement Obligations When Trading Against an Odd-Lot Order” (July 30, 2015).
Effective February 4, 2020, the applicable securities commission approved amendments to subsection 6.6 (1). See IIROC Notice 19‑0134 – “Amendments Respecting Provision of Price Improvement by a Dark Order” (August 8, 2019).
There is no history log for this rule.