Chapter 7: Trading, Settlement, and Prohibited Activities

In this section

• How Securities Are Traded: Understanding Trading Mechanisms and Market Participants
  Explore how securities trading operates in Canada, including the roles of brokerage firms, market makers, and trading venues like TSX, ATS, and OTC markets, guided by CIRO regulations.
• Types of Orders: Market, Limit, Stop, and More Explained
  Explore the various types of trading orders including market, limit, stop-loss, stop-limit, day, GTC, FOK, and IOC orders. Understand their uses, advantages, risks, and how to choose the right order type for your investment strategy.
• Sales and Trading Conduct: Ensuring Integrity and Compliance in Canadian Securities
  Explore CIRO's mandated standards for sales and trading conduct, emphasizing honesty, suitability, disclosure, and compliance to protect investors and maintain market integrity.
• Prohibited Activities: Insider Trading, Market Manipulation, and Unethical Practices Explained
  Explore prohibited trading activities under CIRO regulations, including insider trading, market manipulation, front running, churning, and unauthorized trading. Learn how to identify, prevent, and report unethical practices to maintain market integrity.
• Settlements, Transfers, and Corrections: Ensuring Smooth Securities Transactions
  Explore the critical processes of settlements, transfers, and corrections in securities trading. Understand Canada's T+2 settlement cycle, how transfers between brokerage accounts work, and best practices for addressing and rectifying trade errors to maintain compliance and efficiency.