IIROC issues guidance regarding management of stop loss orders

The Investment Industry Regulatory Organization of Canada (IIROC) today issued final guidance regarding the management of stop loss orders in light of dealers' obligations under the new UMIR electronic trading rule amendments effective March 1, 2013. The guidance supplements prior guidance regarding the execution of triggered stop loss orders, and also includes answers to a number of frequently asked questions regarding managing stop loss orders.

For more information, see IIROC Notice 13-0191.

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