News & Events

The OSC and IIROC Present

The Canadian Equity Market:
Structural Challenges Amidst Rapid Change

Thursday, November 21, 2013
Toronto Board of Trade
77 Adelaide Street West, Toronto


8:15 a.m.

Registration & Continental Breakfast


9:00 a.m.
Susan Greenglass, Director, Market Regulation – Ontario Securities Commission
Wendy Rudd, SVP, Market Regulation and Policy – Investment Industry Regulatory Organization of Canada (IIROC)

9:15 a.m.
This interactive Q&A session will examine the role of regulators in today’s market structure and the current challenges faced by Canadian regulators.

Susan Wolburgh Jenah, President and CEO - IIROC
Howard I. Wetston, Q.C, Chair and CEO - Ontario Securities Commission
Moderator: Howard Green, BNN

Audio (14.1 MB)       Running Time: 01:00:28
Photos

10:00 a.m.
Presentation: A discussion of the need to examine the regulatory framework in an ever-changing landscape.

Tracey Stern, Manager, Market Regulation – Ontario Securities Commission
Jonathan Sylvestre, Senior Accountant, Market Regulation – Ontario Securities Commission

Audio (5.9 MB)       Running Time: 00:25:24
Photos

Presentation Documents: Challenges of a changing market (in PDF)

10:30 a.m.

Refreshment Break


10:45 a.m.
This panel will discuss the evolution of market structure and the regulatory framework fostering the current competitive landscape in North America. The discussion will focus on the impact of the Order Protection Rule, but also probe a number of related areas of regulatory study currently underway including trading and data fees and the launch of new marketplaces.

Moderator: Susan Greenglass, Director, Market Regulation - Ontario Securities Commission
Panelists: Deana Djurdjevic, Senior Vice President, Equities Trading - TMX Group
Robert Young, CEO - Liquidnet Canada
Peter Haynes, Managing Director, Index Products - TD Securities
Cindy Petlock
 
Audio (15.4 MB)       Running Time: 01:05:39
Photos

12:00 p.m.

Luncheon Break


1:15 p.m.
Presentation: IIROC Studies – interim findings – HFT (Phase III) & Dark Liquidity Impact – Victoria Pinnington, VP, Trading Review & Analysis - IIROC

Audio (5 MB)       Running Time: 00:21:39
Photos

Presentation Documents: Market Quality in a Rapidly Changing Environment (in PDF)

1:45 p.m.
This panel will discuss how market quality is defined by various stakeholders, current factors contributing to and detracting from market quality and lessons learned from developments in the U.S. markets. The implications of IIROC’s findings will also be deliberated.
Moderator: Wendy Rudd, SVP, Market Regulation and Policy - IIROC
Panelists: Stephen Bain, Managing Director & Head-Canadian Electronic Trading, RBC Capital Markets
Chris Concannon, Executive Vice-President – Virtu Financial, LLC
Gregg Berman, Associate Director, Office of Analytics and Research – SEC
Tal Cohen, CEO – Chi-X Global

Audio (20.3 MB)       Running Time: 01:26:41
Photos

3:00 p.m.

Photos

Click on a thumbnail for a larger version of each photo.

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