Securities regulators will be hosting their promised forum on issues related to dark pools and other aspects of market structure later this month.

The Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada announced that the forum to discuss market structure issues raised in a joint consultation paper the issued last year will be held on March 23 in Toronto.

That consultation paper, published in October 2009, sought feedback on several market developments that have occurred in Canada recently, particularly, the emergence of marketplaces that offer no pre-trade transparency (so-called dark pools), the introduction of new non-transparent order types, and the introduction of smart order routers.

In that paper, the regulators also promised to hold an event to discuss the issues presented in the paper, and the submissions they received on that paper. They received 23 comment letters, and plan to contact the commenters directly to discuss possible participation in the forum.

The event already includes a panel comprised of: Susan Wolburgh Jenah, president and CEO of IIROC; Louis Morisset, superintendent, securities markets at the Autorité des marchés financiers; David Wilson, chair of the Ontario Securities Commission; and, Sinan Akdeniz, OSC commissioner. Larry Tabb, founder and CEO of TABB Group will be the keynote speaker, and a roundtable discussion among respondents will be facilitated by Wendy Rudd, CEO of TriAct Canada Marketplace.

IE