Harry Apostolatos. Sr. Complaints & Inquiries Specialist. Investment Industry Regulatory Organization of Canada.\, 121 King St. W., Ste. 2000, Toronto, Ontario M5H 3T9, Phone: 416-646-7299 | Toll-free: 1-877-442-4322 – Option “2” | Fax: 416-364-6849, inquiries@iiroc.ca
Sir, thank you for your response. I have read it and read it and it's all as clear as mud. The only conclusion I have come to is that I would have to buy a hugely expensive computer running the algorithmic/HFT software to be able to compete with the big guys/banks. That does not seem to me to be Fostering Fair and Efficient Capital Markets across Canada.
If the big guys/banks are paying the same as I am for each trade (I am with Scotia Itrade at $9.99 per trade) then there would be some sort of moral fair play, but from what I have heard they do not pay a fraction of this cost. Again, how is that Fostering Fair and Efficient Capital Markets across Canada? I have sent a copy of your email to Doc Zone, in the hope that they can generate enough publicity to level the playing field for all Canadians using the TSX Venture. I would like to go as far as I can with this complaint so would you please direct me to the next person up the ladder in your organization.
