Notice of Approval – Proposed Introduction of Two Classes of Conditional Order Types and Matching Functionality to the Instinet Canada Cross Trading System – Instinet Canada Cross Limited (ICX)
On March 1, 2023, the Ontario Securities Commission (OSC) approved the amendment proposed by Instinet Canada Cross Limited (ICX) to its Form 21-101F2 reflecting a change to the ICX trading system to create two classes of conditional order types and matching instruction functionality.
In accordance with the Process for the Review and Approval of the Information Contained in Form 21-101F2 and Exhibits thereto, a notice outlining and requesting feedback on the proposed change was published on the OSC website and in the OSC Bulletin on December 8, 2022 at (2022), 45 OSCB 10349 (the Notice of Proposed Change).
No comment letters were received in response to the Notice of Proposed Change.
ICX will publish a notice on its website indicating the date of implementation of this approved change, which is anticipated to be in the second quarter of 2023.