Notice of Approval – Significant Changes to Trading Functionality – Liquidnet Canada Inc.

Liquidnet Canada orders and notices

 
On June 23, 2017 the OSC has approved Liquidnet Canada Inc.’s (Liquidnet) proposed amendments to Form 21-101F2 (the Proposed Amendments) related to proposals that will:

1)            Increase minimum order size for broker block orders and allow additional order flow from broker participants;

2)            Offer conditional order functionality to Canadian equities; and

3)            Add automated routing customers as participants on Liquidnet. 

The Proposed Amendments were published for comment on April 6, 2017 in accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F2 and the Exhibits Thereto (the ATS Protocol). No comments were received.

Liquidnet is expected to communicate to all its participants the intended implementation date of the approved changes.