Notice of Commission Approval: TriAct Canada Marketplace
TRIACT CANADA MARKETPLACE LP
NOTICE OF COMMISSION APPROVAL OF PROPOSED CHANGES
On August 1st, 2013, changes to the Form 21-101F2 of TriAct Canada Marketplace LP (TriAct) were approved to allow for fractional execution price limits to be entered on orders submitted to MATCH Now at permissible trading increments. TriAct had previously proposed to achieve a similar outcome through its proposed "better-than-limit" order type that was published for comment on March 28th, 2013 on the OSC website and in the OSC Bulletin at (2013), 36 OSCB 3401 (March notice). However, due to concerns about implementation costs for participants and IIROC, the proposal was amended to allow fractional execution pricing limits on MATCH Now.
One comment letter was received in response to the March notice. A summary of the comments received and TriAct's response was previously published on June 20, 2013 on the OSC website and in the OSC Bulletin at (2013), 36 OSCB 6385.
TriAct Canada is expected to publish a notice indicating the intended implementation date of the approved changes.