Summary of Comments and Response for Proposed Pre-Trade Validation Checks - Chi-X Canada ATS Limited

Market Regulation Document Type
Nasdaq CXC/Nasdaq CX2/Nasdaq CXD - ATS rule review and notices

One comment letter was received from the Canadian Security Traders Association (CSTA) in response to Notice of Proposed Changes and Request for Feedback published September 17, 2010 in accordance with OSC Staff Notice 21-703 -- Transparency of the Operations of Stock Exchanges and Alternative Trading Systems. This letter was supportive of the initiative to implement pre-trade validation checks into Chi-Controls risk management tools, stating that having exchange level risk management tools allows risk to be applied to all orders with a uniform level of latency which does not disadvantage certain participants over others. We thank the CSTA for its comments.