TSX and TMX Select propose "Cancel on Disconnect" functionality

Posted on October 14, 2011

TSX Inc. and TMX Select Inc. published a notice today proposing the introduction of "Cancel on Disconnect" functionality that would provide the automated cancellation of orders in the event of involuntary loss of connectivity between TMX and a client site. According to the notice, the functionality would assist in mitigating the risks associated with having open orders during a loss of connectivity. Comments on the proposal are being accepted until November 14.

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