GREY:CRXEF - Post by User
Comment by
Surveilleron Feb 20, 2014 4:03pm
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Post# 22231721
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CXT
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CXTthe dealers have connections to all exchanges. The requirements for issuers are different on the CSE. One of the biggest problems for the dealers is a stock that is listed on more that one exchange. In a short-sighted move by some quote vendors and order entry vendors, they have not been able to provide data for both. Despite regulatory requirements for dealers to be able to route orders between multiple markets in this scenario, many vendors are still unprepared, leaving the dealers that use those vendors unprepared.
If IIROC bears any responsibility, it's in their inaction over the last several years to ensure that dealers were prepared for such a scenario.
To be fair to IIROC though, a bigger problem with this issue is not that it is dually listed, but that the Venture Exchange halt has continued during a period when full disclosure is available to investors and the stock has resumed trading. Many of the vendors that default to the first market where a stock was listed have been unable to adjust. Welcome to 2001 folks, it's time to upgrade.