The Investment Industry Regulatory Organization of Canada (IIROC) today published the first of two academic papers from the fourth academic team chosen to assess the impact of high frequency trading (HFT) and related activity on Canadian equity markets, as part of the final phase of IIROC’s comprehensive HFT Study.
The fourth paper, “The Impact of the Dark Trading Rules”, co-authored by Andreas Park, Katya Malinova and Carole Comerton-Forde, examines the effects of the introduction in October 2012 of new requirements regarding the execution of dark orders on Canadian securities markets.
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