Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Focus on risk mitigation - IIROC to implement revised electronic trading rules

TORONTO, Dec. 7, 2012 /CNW/ - The Investment Industry Regulatory Organization of Canada has adopted rule amendments, approved by the Canadian Securities Administrators (CSA), designed to ensure the effective management of risks associated with electronic trading.

The amendments expand on existing obligations under the Universal Market Integrity Rules (UMIR) by assigning IIROC-regulated dealers clear supervisory and gatekeeper responsibilities to protect against errors related to electronic trading. The changes will ensure that market participants have appropriate automated filters, testing of algorithms, and other risk management tools in place for handling orders before those orders enter the marketplace.

"The revised rules will help to bolster market integrity by ensuring that electronic trading risks are mitigated through appropriate controls for all trading activity, regardless of source," said Susan Wolburgh Jenah, IIROC's President and Chief Executive Officer.

The changes establish another tier in a comprehensive system of controls which include single-stock and market-wide circuit breakers. They also align UMIR rules with the CSA's implementation of NI 23-103 Electronic Trading.

The amendments are effective March 1, 2013.  However, in recognition of the technology enhancements required to effectively operationalize automated controls, IIROC dealers will have until May 31, 2013 to fully test and implement their automated controls.

Related documents:

Background Information

  • All Canadian equity marketplaces are accessed electronically.
  • The UMIR amendments confirm that Participants and Access Persons are responsible for managing the risks associated with their order flow and their clients' order flow - this responsibility cannot be delegated.
  • The amendments require automated controls to prevent entry of an order that:

        (i)      exceeds a pre-determined credit / capital threshold;
        (ii)      exceeds a pre-determined value or volume limit on orders from a Participant, Access Person or client;  or
        (iii)      violates UMIR or any applicable securities regulation.

  • These amendments, in conjunction with other IIROC initiatives that are underway or completed, will establish a comprehensive system of controls at multiple levels:
    • Electronic Trading Rules
    • Marketplace thresholds
    • Single-Stock Circuit Breakers
    • Market-Wide Circuit Breakers
    • IIROC discretion to vary or cancel trades

IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.

IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

 

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
I've been writing recently about the dimensions of Big Data in the IoT: urgency, importance, frequency, consequences, remedy, cost. You can find my stories on IoT Journal or at my personal website. The big item missing from this list is, of course, size. How big are individual messa...
Of course, IoT is in the midst of a major hype cycle, so there’s a lot of industry buzz about IoT, along with a thousand interpretations of the term. As IT prognosticator Jason Bloomberg points out in a recent post, “the IoT explosion is rather curious if you think about it, as the Int...
We are formally announcing the IoT Project Framework at @ThingsExpo Nov 4-6 in Santa Clara, CA. it will feature four overriding goals for the IoT in the year 2040: 1. To reduce poverty & disease 2. To eliminate violence as a way of settling disputes 3. To spur beneficial economic ...
With Octoblu emerging from stealth mode, it seemed like a good idea to talk to a couple of key people there. We were able to do just that with company co-founders Geir Ramleth and Chris Matthieu. Geir Ramleth serves as CEO. He was named to CIO Magazine's Hall of Fame in 2008, and ser...
I had a fun conversation with Mark Van Rijmenam (@VanRijmenam) a couple of weeks ago about cloud computing, Big Data, and the IoT. Mark runs BigData-Startups.com in Den Haag, Netherlands. We were mutually amused that he had chosen the name Think Bigger for his new book just as I had ch...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE