PT - JOURNAL ARTICLE AU - Alison Crosthwait TI - Is Chaos Good? Canadian Equity Market Evolution DP - 2009 Dec 21 TA - Trading PG - 107--116 VI - 2009 IP - 1 4099 - http://guides.pm-research.com/content/2009/1/107.short 4100 - http://guides.pm-research.com/content/2009/1/107.full AB - Canadian equity market structure is evolving at a rapid pace due to numerous new electronic competitors to the Toronto Stock Exchange, regulatory changes, and a newfound global interest in trading Canadian shares electronically. This article takes a look at Canada's market structure evolution, including the key players, trends, influences, and issues. While the long-term benefits are apparent, the interim uncertainty resulting from change requires institutional investors to ask their brokers some hard-hitting questions with regards to execution practices. In the end, to the extent that these changes can help attract new liquidity to Canada, investors will surely benefit from lower market impact costs.