The comment period regarding the TSX’s proposed revised Market-on-Close system has been extended until January 17.

The proposal was published for comment in the Ontario Securities Commission Bulletin back in November. The comment period expired on December 23, 2002. TSX is now seeking any remaining comments by January 17, “in order to ensure that the comments are considered in finalizing the MOC System”.

The MOC System is designed to address concerns regarding increased volatility at the close of the continuous market and the limited opportunities for direct participation by market participants in trading at the close.

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