The Ontario Securities Commission has granted a five-year exemption from Canadian SRO oversight for Swift Trade Securities Inc. (now Swift Trade Securities USA Inc.) The firm is a registered securities dealer in Ontario, and is also registered with the Securities and Exchange Commission and is a NASD member.

The OSC exemption comes with the requirement that it maintain all applicable U.S. memberships (currently NASD and SEC) in good standing. Its securities activities with Ontario investors are limited to acting as a jitney broker for registered dealers in executing U.S. securities transactions (whether such dealers are acting as principal or agent). It does not deal directly with any clients in Ontario, and any material changes to its operations in Ontario are to be reported to the commission.

It will provide access to electronically traded New York Stock Exchange, AMEX and NASDAQ listed or quoted stocks only as an omnibus jitney broker in executing U.S. securities transactions.