Friday late trading
Thank you for your complaint to the Ontario Securities Commission (OSC) concerning trading activity involving Mart Resources, Inc. (Mart).
The OSC’s main role is to ensure the company complies with all applicable Ontario securities laws. Regulation of public companies whose securities trade on marketplaces in Ontario focuses on requirements to make continuous disclosure of information that is material to the company. Just for your information, the principal regulator for Mart is the Alberta Securities Commission, not the OSC.
In regard to your specific concerns relating to trading that occurs after 4:00 p.m., the TSX has a Market On Close (MOC) facility, an electronic call market that establishes the closing price for certain TSX-listed stocks. The facility is designed to address concerns about increased volatility at the close of the continuous market and the limited opportunities for direct participation by market participants in trading at the close. Participants enter MOC orders through the MOC facility from 7:00 a.m. to 3:40 p.m., at which time the MOC imbalance is generated and communicated to the trading community. Activity in the MOC facility ends at 4:10 p.m.
There is also an extended trading sessionfrom 4:15 p.m. to 5 p.m. every trading day on the TSX. Trading can only be in board lots and at the closing price during this session. You may wish to contact your registered investment dealer firm to inquire about placing trading orders that can be executed in this session.
All trading on the TSX is subject to the Universal Market Integrity Rules (UMIR), which may have a bearing on how trading is conducted during the after hours session. If you need further information you may wish to direct an inquiry to the Investment Industry Regulatory Organization of Canada (IIROC), as it is the regulator responsible for compliance with UMIR. IIROC, a self-regulatory organization, acts as the regulation services provider for the TSX, and has regulatory responsibility for monitoring trading activity. IIROC staff use an advanced technology system known as the Surveillance Technology Enhancement Platform (STEP), which offers a unique consolidated view of trading on all marketplaces that helps to detect unusual activity. STEP gives IIROC the tools, including real time capability, to monitor and identify possible violations of UMIR. You may reach IIROC at 1-866-214-7200 for further information about how UMIR applies to the extended trading session or if you remain concerned about Mart's trading activity.
Sincerely,
Roxane Lapenna
Lead Inquiries Officer
Ontario Securities Commission
inquiries@osc.gov.on.ca
416-593-8314
Dear Mr. Keller:
Thank you for your complaint to the Ontario Securities Commission (OSC) concerning trading activity involving Mart Resources, Inc. (Mart).
The OSC’s main role is to ensure the company complies with all applicable Ontario securities laws. Regulation of public companies whose securities trade on marketplaces in Ontario focuses on requirements to make continuous disclosure of information that is material to the company. Just for your information, the principal regulator for Mart is the Alberta Securities Commission, not the OSC.
In regard to your specific concerns relating to trading that occurs after 4:00 p.m., the TSX has a Market On Close (MOC) facility, an electronic call market that establishes the closing price for certain TSX-listed stocks. The facility is designed to address concerns about increased volatility at the close of the continuous market and the limited opportunities for direct participation by market participants in trading at the close. Participants enter MOC orders through the MOC facility from 7:00 a.m. to 3:40 p.m., at which time the MOC imbalance is generated and communicated to the trading community. Activity in the MOC facility ends at 4:10 p.m.
There is also an extended trading sessionfrom 4:15 p.m. to 5 p.m. every trading day on the TSX. Trading can only be in board lots and at the closing price during this session. You may wish to contact your registered investment dealer firm to inquire about placing trading orders that can be executed in this session.
All trading on the TSX is subject to the Universal Market Integrity Rules (UMIR), which may have a bearing on how trading is conducted during the after hours session. If you need further information you may wish to direct an inquiry to the Investment Industry Regulatory Organization of Canada (IIROC), as it is the regulator responsible for compliance with UMIR. IIROC, a self-regulatory organization, acts as the regulation services provider for the TSX, and has regulatory responsibility for monitoring trading activity. IIROC staff use an advanced technology system known as the Surveillance Technology Enhancement Platform (STEP), which offers a unique consolidated view of trading on all marketplaces that helps to detect unusual activity. STEP gives IIROC the tools, including real time capability, to monitor and identify possible violations of UMIR. You may reach IIROC at 1-866-214-7200 for further information about how UMIR applies to the extended trading session or if you remain concerned about Mart's trading activity.
Sincerely,
Roxane Lapenna
Lead Inquiries Officer
Ontario Securities Commission
inquiries@osc.gov.on.ca
416-593-8314
1-877-785-1555
The information in this e-mail should be taken as a guide. The content is not intended to provide investment, financial accounting, legal, tax or other professional advice and should not be relied upon or regarded as a substitute for such advice. We recommend that you seek advice from a qualified professional adviser before acting on the information or content appearing in this e-mail or any information or content on a web site to which a link has been provided
To:
Subject:
Date: 20140921 02:43 PM
Question or feedback: What happened to MMT on Friday afternoon. Mere seconds before the close
It was at $1.34 and at 4.10 ( 10 min after the close )it was down .12.
How does this work. It does little to ensure that this exchange is on the
Up and up and not being run by a bunch of self serving crooks
Please look into this matter and make all necessary corrections
I look forward to hearing your explanations of this incident
Contactor Type: Investor
First Name: Robert
Last Name: Keller
Street address: 1084 King St
City: Penticton
Province, territory, state: BC
Postal/zip code: V2A4S6
Country: CA
Telephone: 2504889979
E-mail: rakeller0802@gmail.com
Attachments:
This message is intended only for the use of the addressee and may contain information that is privileged and confidential. If you are not the intended recipient or have received this communication in error, you are hereby notified that any unauthorized use or disclosure is strictly prohibited. Please notify the sender immediately and delete the original without making a copy or disclosing its contents.
Le présent message s'adresse exclusivement à son destinataire et peut contenir des renseignements privilégiés et confidentiels. Si vous n'êtes pas le destinataire de ce document ou si vous l'avez reçu par erreur, vous êtes par la présente avisé qu'il est strictement interdit de le divulguer ou de l'utiliser sans autorisation. Veuillez en avertir l'expéditeur immédiatement et détruire le message original sans le copier ou en révéler le contenu.
1-877-785-1555
The information in this e-mail should be taken as a guide. The content is not intended to provide investment, financial accounting, legal, tax or other professional advice and should not be relied upon or regarded as a substitute for such advice. We recommend that you seek advice from a qualified professional adviser before acting on the information or content appearing in this e-mail or any information or content on a web site to which a link has been provided.
From: Robert Keller
To:
Subject:
Date: 20140921 02:43 PM
Question or feedback: What happened to MMT on Friday afternoon. Mere seconds before the close
It was at $1.34 and at 4.10 ( 10 min after the close )it was down .12.
How does this work. It does little to ensure that this exchange is on the
Up and up and not being run by a bunch of self serving crooks
Please look into this matter and make all necessary corrections
I look forward to hearing your explanations of this incident
Contactor Type: Investor
First Name: Robert
Last Name: Keller
Street address: 1084 King St
City: Penticton
Province, territory, state: BC
Postal/zip code: V2A4S6
Country: CA
Telephone: 2504889979
E-mail: rakeller0802@gmail.com
Attachments:
This message is intended only for the use of the addressee and may contain information that is privileged and confidential. If you are not the intended recipient or have received this communication in error, you are hereby notified that any unauthorized use or disclosure is strictly prohibited. Please notify the sender immediately and delete the original without making a copy or disclosing its contents.
Le présent message s'adresse exclusivement à son destinataire et peut contenir des renseignements privilégiés et confidentiels. Si vous n'êtes pas le destinataire de ce document ou si vous l'avez reçu par erreur, vous êtes par la présente avisé qu'il est strictement interdit de le divulguer ou de l'utiliser sans autorisation. Veuillez en avertir l'expéditeur immédiatement et détruire le message original sans le copier ou en révéler le contenu.