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The TD Securities trading floor in Toronto.
The TD Securities trading floor in Toronto.
(Fred Lum/The Globe and Mail)

Guest op-ed

Is e-trading an ace in the hole for markets?

The following is a guest editorial from Jayson Horner, chief executive officer, president, and co-founder of CanDeal. CanDeal is an online market place for Canadian dollar-denominated debt securities.

Canadian regulators may wish to proceed cautiously when introducing tougher reporting standards for debt and derivatives markets. While greater transparency is a worthy objective, excessive intervention could threaten liquidity and open the way to equity-style rules being imposed on a successful institutional over-the-counter (OTC) marketplace.