IIROC regularly reviews trading firms' trade-desk procedures. The reviews are intended to assess whether trade desk procedures comply with the Universal Market Integrity Rules (UMIR) and appropriate provincial securities requirements.

Our Trading Conduct Compliance staff also assist in the development, introduction and education of users on new rules and policies, such as the Supervision of Trading Policy (refer to Policy 7.1). This policy requires all applicable market participants to proactively monitor their compliance by completing internal reviews and addressing deficiencies. An IIROC Trading Conduct Examiner will examine the results of these reviews when a field review is conducted at the trading firm's office.

For more information on Trading Conduct Compliance, contact: