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To: eWhartHog who wrote (1061)1/29/2000 9:27:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 1413
 
John,

It's not a meeting but the issuance of a report / guidelines by the IDA expected on Feb 18th. Check with your Broker (if you're in Canada).

There is no regulation / law or other rule imposed by provincial law or the OSC that requires human intervention. And, in fact, I'm unaware of any IDA rule, regulation or guideline which imposes human intervention. Rather, the broker is liable for any trade executed by its customers.

If the customer doesn't pay, the broker does.

I suspect that that's the key driver for the current process. With the huge increase in volume, this is causing huge customer dissatisfaction with customer orders entered by the web being cued for 15 to 30 minutes waiting for a person to OK it before it goes off to any "trading floor".

Hopefully, that waste will be removed in February.

FWIW,
Ian.