23-101CP - Trading Rules [CP Blackline Amendment Proposed - Lapsed]

Concurrently Published:

• BCN 2011/03 - Notice of Proposed Amendments to National Instrument 21-101 Marketplace Operation and National Instrument 23-101 Trading Rules [BCN - Lapsed]

Table of Contents

PART TITLE

PART 1 INTRODUCTION
1.1 Introduction
1.2 Just and Equitable Principles of Trade

PART 1.1 DEFINITIONS
1.1.1  Definition of best execution
1.1.2 Definition of automated functionality
1.1.3 Definition of protected order
1.1.4 Definition of calculated–price order
1.1.5 Definition of directed-action order
1.1.6 Definition of non-standard order

PART 2 APPLICATION OF THE INSTRUMENT
2.1 Application of the Instrument

PART 3 MANIPULATION AND FRAUD
3.1 Manipulation and Fraud

PART 4 BEST EXECUTION
4.1 Best Execution

PART 5 REGULATORY HALTS
5.1 Regulatory Halts

PART 6 ORDER PROTECTION
6.1 Marketplace Requirements for Order Protection
6.2 Marketplace Participant Requirements for Order Protection
6.3 List of Trade-throughs
6.4 Locked and Crossed Markets
6.5 Anti-Avoidance Provision

PART 7 MONITORING AND ENFORCEMENT
7.1 Monitoring and Enforcement Requirements Set By a Recognized Exchange or Recognized Quotation and Trade Reporting System
7.2 Monitoring and Enforcement Requirements for an ATS
7.3 Monitoring and Enforcement Requirements for an Inter-Dealer Bond Broker
7.4 Monitoring and Enforcement Requirements for a Dealer Executing Trades of Unlisted Debt Securities Outside of a Marketplace
7.5 Agreement between a Marketplace and a Regulation Services Provider
7.6 Coordination of Monitoring and Enforcement

PART 8 AUDIT TRAIL REQUIREMENTS
8.1 Audit Trail Requirements
8.2 Transmission of Information to a Regulation Services Provider
8.3 Electronic Form