4756. Trade matching quarterly compliant trade percentage

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    1. A Dealer Member must:

      1. promptly report to IIROC when its quarterly compliant trade percentage is less than 90% in any quarter, and

      2. include in this report its action plan to improve its percentage.

    2. The quarterly compliant trade percentage for a Dealer Member is determined by dividing the sum of the quarter’s compliant trades (which does not include “don’t know” trades) by the total number of non-exchange trades that are executed during the quarter by the Dealer Member with other Dealer Members.

    3. Failure to increase the compliant trade percentage to 90% or more within the next quarter after the first sub‑standard report will be grounds for IIROC to pursue disciplinary action.

    There is no history log for this rule.