Dictum Meum Pactum

My word is my Bond

CSTA Opinion

CSTA Trading Issues Committee

Mandate: The CSTA Trading Issues Committee (TIC) is tasked with reviewing and preparing commentary for regulatory bodies on any market structure issues that arise in Canada on an ad hoc basis. The views that are expressed by the CSTA Trade Issues Committee are unique since they represent the general views of Equity Traders as a group. The members of the CSTA Trade Issues Committee are asked to actively participate in expressing their views when presented with market structure issues that are relevant to their knowledge base and/or skill set.

Important Disclaimers: This Committee has an approximately equal number of buy-side and sell-side representatives with various areas of market structure expertise. The Committee can also include independent members. The opinions and statements provided by the CSTA Trade Issues Committee do not reflect the opinions of all CSTA members or the opinion of all members of the CSTA Trading Issues Committee (including the Chair(s)).

CSTA Trading Issues Committee Members

Alex Perel (Co-Chair)
Kelly Reynolds (Co-Chair)
Rizwan Awan
Stephen Bain
Ed Boyd
Brett Redfearn
Doug Clark
Jenny Drake
Craig Gaskin

Andrew Hill
Craig Hurl
James Niosi
Andrew Jappy
Sonny Lennon
Justin Lord
Darryl Mackenzie
Graham Mackenzie
Rob Pulkys
Ed Smith
Darren Sumarah
Michael Thom
Pramod Udiaver
Vidis Vaiciunas
Evan Young

 

 

CSTA Trading Issues Committee Letters:

April 10, 2017

Canadian Securities Exchange Public Interest Rule Amendment: Rule 4-113 ("the Proposal")

View CSTA TIC - CSE GMF fill at NBBO - final
February 14, 2017

CSTA Comment Letter :: TSX Request for Comments - Required Insider Report

View CSTA TIC - TSX Required Insider Report - 02-14-2016
January 31, 2017

CSTA Comment Letter :: TSX Notice of Proposed Amendments and Request for Comments - TSX International Board ("the Proposal")

View CSTA TIC - TSX International Board - FINAL
October 24, 2016

CSE Notice 2016-14 - Significant Change Subject to Public Comment - Amendments to Trading System Functionality & Features - Notice and Request for Comment

View CSTA TIC - CSE GMF Participation Proposal - FINAL
August 2, 2016

CNSX Markets Inc. - Notice of Proposed Changes and Request for Comment : Fee Proposal Related to the Guaranteed Minimum Fill (GMF) functionality

View CSTA TIC - CSE GMF Fee Proposal - Final
August 2, 2016

Aequitas NEO Exchange Inc. - Notice of Proposed Changes and Request for Comment: Fee Proposal Related to Active Orders from Latency Sensitive Traders (LST)

View CSTA TIC - Aequitas Variable Fee Proposal - Final
July 4, 2016

Aequitas NEO Exchange - Trading Policies Amendments: Auto-Execution Facility - Request for Comment

View CSTA TIC - Aequitas AEF Proposal - Final
May 30, 2016

Nasdaq CX2 - Introduction of New Dark Trading Book CXD - Notice of Proposed Changes and Request for Comment

View CSTA TIC - Nasdaq CX2 CXD - FINAL
October 30, 2015

Instinet Canada Cross Limited Notice of Proposed Changes: Introduction of Continuous Block Crossing

View CSTA TIC - CSTA ICX CBX - FINAL
August 17, 2015

CSA Notice and Request for Comments: Proposed Amendments to the Companion Policy to National Instrument 23-101 Trading Rules: Application of the Order Protection Rule to Marketplaces Imposing Systematic Order Processing Delays

View CSTA TIC - Speed Bump Amendments
March 30, 2015

Re-Publication of Proposed Dark Rules Anti-Avoidance Provision

View CSTA TIC - Anti-Avoidance - FINAL
March 23, 2015

Chi-X Canada ATS Ltd Notice of Proposed Changes and Request for Comment

View CSTA TIC - Chi-X MOC - Final
December 8, 2014

Alpha Exchange Inc. Proposed Rule Amendments

View CSTA TIC - Alpha Proposed Amendments
November 21, 2014

Omega Securities Inc. - Proposed Change: Self Trade Management

View CSTA - Omega Lynx Self Trade Management - FINAL
November 13, 2014

Cross Border Make-Take Pilot

View CSTA - Cross-Border Make-Take Pilot - Nov1314
October 1, 2014

TriAct Canada Marketplace - Notice of Proposed Changes

View 141001-CSTA TIC - MATCH Now proposed changes
September 19, 2014

Order Protection Rule

View CSTA TIC - Order Protection Rule
September 5, 2014

OSC Notice and Request for Comment re: Application for recognition of Aequitas Innovations Inc. and Aequitas Neo Exchange Inc. as an Exchange

View CSTA TIC - Aequitas Application
July 17, 2014

CSA Notice and Request for Comment re: Proposed Amendments to National Instrument 21-101 Marketplace Operation

View 140717-CSTA - NI 21-101 Proposed Amendments - Final
July 3, 2014

IIROC Proposed Guidance on Marketplace Thresholds

View 140703-CSTA TIC - IIROC Proposed Guidance on Marketplace Thresholds (3)
May 29, 2014

OSC Request for Comment re: TSX Inc. (TSX) - Proposed Change to the TSX Market-on-Close Facility

View 140529-CSTA TIC - TSX Rule Amendments Market on Close - Final
May 16, 2014

OSC Request for Comment re: TSX Inc. (TSX) - Proposed Change to the Minimum Quantity Instruction Available for the Dark Midpoint Order Type

View 140516-CSTA TIC - TSX Proposed Dark Minimum Quantity Change - Final
March 10, 2014

IIROC Notice 13-0298: Proposed Guidance Respecting the Expansion of Single-Stock Circuit Breakers

View 140310-CSTA TIC - IIROC 13-0298 SSCB Expansion
January 17, 2014

OSC Request for Comment re: Omega Securities Inc. (OSI) Parent of Lynx ATS - Proposed Fee Model Change

View 140117-CSTA TIC - Omega Proposed Fee Model Changes
October 3, 2013

Re: OSC Staff Notice and Request for Comment re: Proposed Structure of Trading Facilities for a New Exchange Proposed to be Established by Aequitas Innovations Inc. (“Aequitas”)

View CSTA Response to a NewExchange Proposed to be Established by Aequitas Innovations Inc.
May 13, 2013

Re: Alpha Exchange Inc. - IntraSpread Trading Fee Model Amendment - Notice of Proposed Fee Change and Request for Comment

View CSTA Response to Alpha Exchange Inc.
April 29, 2013

Re: TriAct Canada Marketplace LP – Notice of Proposed Changes and Request for Comments

View CSTA TIC- MATCH Now Proposed Changes - 04-29-2013 (2)
February 25, 2013

Re: Alpha Exchange Inc. - Amendments to the Alpha Exchange Trading Policies - Notice of Proposed Changes and Request for Feedback

View 130225-CSTA - Alpha Intraspread Trading Policies - FINAL