4756. Trade matching quarterly compliant trade percentage

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    1. A Dealer Member must:

      1. promptly report to IIROC when its quarterly compliant trade percentage is less than 90% in any quarter, and

      2. include in this report its action plan to improve its percentage.

    2. The quarterly compliant trade percentage for a Dealer Member is determined by dividing the sum of the quarter’s compliant trades (which does not include “don’t know” trades) by the total number of non-exchange trades that are executed during the quarter by the Dealer Member with other Dealer Members.

    3. Failure to increase the compliant trade percentage to 90% or more within the next quarter after the first sub‑standard report will be grounds for IIROC to pursue disciplinary action.

    There is no history log for this rule.

    There is no history log for this rule.