The Canadian Capital Markets Association (CCMA) has agreed to track domestic trade reporting statistics for institutional trades.
The newly designed industry report card captures the number of equity and debt trades reported to The Canadian Depository for Securities (CDS) by the broker community on trade date (T), up until trade date plus three days (T+3), and the total number of trades entered after T+3.
The report card also captures the number of equity and debt trades that were confirmed within the same corresponding time periods.
“The industry report card allows Canada’s capital market participants to monitor industry progress towards achieving the performance target dates set out in the National Instrument 24-101, and the Companion Policy Institutional Trade Matching and Settlement,” says a spokesman for CCMA.