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Toronto bank towers and skyline Nov. 10, 2010.
Toronto bank towers and skyline Nov. 10, 2010.
(Moe Doiron/The Globe and Mail)

Why the U.S. stock order crackdown isn’t coming here

If you see stories about the growing crackdown on the U.S. stock market and worry about what it means for Canada, you can take a deep breath. We’re in much better shape.

Ever since Flash Boys author Michael Lewis used incendiary language to describe the state of the U.S. market, describing it as “rigged,” lawmakers and regulators south of the border have dialed up their rhetoric and brought lawsuits against major market players – particularly those involved in high frequency trading. So far, some of the allegations have been incredibly damning.