Read Time:24 Second
Canadian regulatory authority launches review of traders’ stock orders to the US
In Canada, the regulatory authority has launched an investigation into the detrimental effect of dealers directing their stock purchase and sale orders to the US in exchange for a discount on the domestic market.
While these payments to the US are legal, they are counterproductive and cause hundreds of millions of dollars in losses each year. Therefore, regulatory authorities are focusing on regulatory changes to address this situation.