Canadian Index and Market Structure Bulletin

Research evidence excerpt

Canadian Index and Market Structure Bulletin

Index Products Group ■ North American Index and Market Structure Bulletin Page 2 of 25

Announcements/Podcasts

Bid Out – Equity Market Structure

Episode 79, takes a look at recent industry debate surrounding the removal of the Order Protection Rule and related policies that will be impacted

by this change. With the SEC poised to eliminate a rule that is at the core of current equity market structure, we are joined on this episode by

two industry experts, Mett Kinak from T Rowe Price and John Ramsay from IEX, for a discussion on what will rules will change and what rules

and protocols need to change in a no OPR world, list that includes whether the industry needs access fee caps and what is the future of the

NBBO. The two banter back and forth on new ATSs for trading equity tokens and how tradfi and defi can co-exist in trading equities and they

and finish up with a discussion on the need for strong Prediction Markets regulation.

Geopolitics with Frank McKenna

Episode 77 covers a wide range of topics on the geopolitical landscape including the recent assassination attempt on President Trump, the

implications on global energy markets of UAE's decision to exit OPEC and which person is leading Iran in negotiations with the United States.

Frank discusses the stalemate and war of attrition that is the Russia-Ukraine conflict, which is a win for Ukraine and the impact on populist

governments of the shocking defeat by authoritarian leader Victor Orban in Hungary. The conversation turns to Canada where Frank

discusses Carney's back door into a majority and how it will change calculus for the Liberal leader's policymaking and CUSMA negotiation

strategy.