this post was submitted on 13 Mar 2024
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The regulation is the IIROC Dealer Member Rule (DMR) 3200 A. 1.(b) (i) which prohibits IIROC registrants (brokerages) from allowing their clients to use their own automated order systems to generate orders. So just clarifying that its not illegal because it's unsafe, just that they dont want us to give an app our credentials that does algorithmic trading on our behalf. Their reasons, i dont know.