The changes, if approved, will take effect May 1
Wealthsimple Trade gives users access to stock trading with no minimum account size or paperwork
Regulator plans to study the effects of curbing trading venues’ fee/rebate structures
CSA to co-ordinate with U.S. regulator
Proposed pilot would examine the effects of a prohibition of rebate payments by Canadian marketplaces
The three academics will determine the design of the pilot study using the U.S SEC’s proposed transaction fee pilot as a basis
Revised fee schedule aims to boost liquidity
The reductions are consistent with the CSA’s amendments to trading fee caps
The move aims to address securities industry complaints about trading costs being too high
Changes to the fees for each of TSX, TSX Venture and TSX Alpha Exchange take effect on June 1