Market Oversight

Exchanges and Alternative Trading Systems


Under The Securities Act (Manitoba) and The Commodity Futures Act (Manitoba), the MSC has the statutory power to recognize or exempt exchanges. This allows the exchanges to carry on business in Manitoba and sets out the terms and conditions under which the exchanges are regulated.

Alternative Trading Systems (ATS)

The establishment and operations of alternative trade systems are governed by the regulatory framework in National Instrument 21-101 Marketplace Operation and National Instrument 23-101 Trading Rules. To carry on business, an ATS must be registered as an investment dealer in Manitoba and be an active member of IIROC.

The MSC has issued orders allowing the following alternative trading systems to operate in Manitoba: