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Universal Market Integrity Rules

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Universal Market Integrity Rules
A set of rules governing trading on exchanges in Canada. All Canadian exchanges are required to adhere to UMIR, which, among other provisions, prohibit price manipulation and other practices deemed to be unfair. UMIR were written in part to create uniform practices throughout Canada so that a trader on one exchange would know and be able to abide by the rules on all other exchanges.


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ICX will support advanced order types, will fully abide by the Universal Market Integrity Rules (UMIR) and will be accessible to members through the Financial Information Exchange (FIX) protocol.
Following the approval, Vanessa Gardiner, Senior VP and Chief Compliance Officer for Research Capital Corporation, said "There was no real benefit to the rule, because it addressed issues covered by securities laws, IDA suitability requirements and the Universal Market Integrity Rules, and created different requirements for CNQ and non-CNQ Dealers.
contravened the Universal Market Integrity Rules (UMIR).
 
 
 
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