Universal Market Integrity Rules - UMIR

AAA

DEFINITION of 'Universal Market Integrity Rules - UMIR'

A set of rules governing trading practices in Canada. These rules are set out by an independent regulator. UMIR were established to promote fair, equitable and efficient markets. Prior to the formation of the UMIR, each individual exchange was responsible for governing its trading practices. By making these practices universal Canadian exchanges ensure equal fairness and improve investor confidence in all the exchanges.

INVESTOPEDIA EXPLAINS 'Universal Market Integrity Rules - UMIR'

Various unethical trading practices have been regulated by UMIR. Some examples are manipulative or deceptive methods of trading, short selling, front running, trading halts, delays and suspensions.

RELATED TERMS
  1. Short Selling

    The sale of a security that is not owned by the seller, or that ...
  2. Front Running

    The unethical practice of a broker trading an equity based on ...
  3. Trade

    A basic economic concept that involves multiple parties participating ...
  4. Trading Halt

    A temporary suspension in the trading of a particular security ...
  5. Abbreviated New Drug Submission ...

    A written request to Health Canada to obtain marketing approval ...
  6. Keystone XL Pipeline

    A proposed extension of the Keystone pipeline system that is ...
Related Articles
  1. Getting To Know The Stock Exchanges
    Options & Futures

    Getting To Know The Stock Exchanges

  2. The Short And Distort: Stock Manipulation ...
    Active Trading Fundamentals

    The Short And Distort: Stock Manipulation ...

  3. What requirements must a company meet ...
    Options & Futures

    What requirements must a company meet ...

  4. Material Adverse Effect A Warning Sign ...
    Markets

    Material Adverse Effect A Warning Sign ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center