IIROC is publishing the second of two academic papers prepared by the fourth academic team selected by IIROC to assess the impact of high frequency trading (HFT) and related activity on Canadian equity markets. This marks the final publication of IIROC’s HFT study.
On December 12, 2012, IIROC published its HOT Study, which summarizes the results of Phases I and II. On May 2, 2013, IIROC published a Request for Assistance (“RFA”) for Phase III of its Study of High Frequency Trading Activity on Canadian Equity Marketplaces (the “HFT Study”).
The RFA generated significant international interest. IIROC selected the four teams after reviewing nineteen comprehensive projects submitted by seven respondent groups…
Investment Industry Regulatory Organization – September 11, 2015.
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