Day trading in Canada

[Cdntrader]

My guess is 2002 at best. IB was long into the process before the OSC ordered Ameritrade and Datek to register in Canada.

With IB still not approved I wouldn't hold my breath for Datek.


Either the OSC is terribly inept, or is holding up applications to let Canadian brokers catch up to the services offered by their U.S. competitors. Neither does much for the credibilty of the Canadian securities regulatory system.

 

[dufferdon]

Assuming it had any credibility in the first place

 

[Cdntrader]

Originally posted by def
cdntrader,
the meeting went well, but alas, they asked for additional information. i've been in the additional info stage before elsewhere. Sometimes it goes really fast, other times.....
I'll keep you posted.

Any update def?

thanks

 

[def]

as of tuesday, "they have asked for information, we have and are supplying them with what they are asking".

 

[Cdntrader]

looks like IB will have a "first in" advantage in Canada. Cybertrader just closed all their Canadian accounts last week.

 

[michaelday]

Cdntrader,

Do you know why?

 

[Cdntrader]

Not sure but here is the relevent post:

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16429479

 

[Cdntrader]

Any update this week Def? Thanks

 

[def]

nothing positive - same old story. waiting and providing more info as requested....

 

[Cdntrader]

Originally posted by def
nothing positive - same old story. waiting and providing more info as requested....

thank u Sir.