360T awaits key trading exemption from Canadian regulator
Venue’s new UK MTF can’t include Canadian firms until approvals are granted
Time is almost running out for 360T’s new UK-based platform to receive a key trading venue exemption from the Ontario Securities Commission (OSC) that will enable banks to carry on using it for trading with Canadian clients.
Canadian regulators require any platform that provides derivatives trading services – including FX swaps, forwards and non-deliverable forwards – to Canadian entities to be a “Canadian exchange”, as stated in the Ontario Securities Act.
There is no mutual recognition
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