🔥 Daily ChallengeCIREMarket integrity, trade execution and settlementEasy
Under the Universal Market Integrity Rules (UMIR), which of the following entities is specifically defined as a 'Participant' for the purpose of gatekeeper obligations?
7 attempts · 71.4% correct
A retail investor who trades through a discount brokerage account
Any corporation listed on a Canadian stock exchange
An institutional investor that has direct access to an Alternative Trading System (ATS)
An Investment Dealer that is a member of an Exchange or a user of a Quotation and Trade Reporting SystemCorrect
Why
A Participant is defined as an Investment Dealer that is a member of an Exchange or a user of a QTRS, acting as an intermediary for trading.
