What is 'Canadian Capital Markets Association (CCMA)'

The Canadian Capital Markets Association (CCMA) is a nonprofit organization that was created to analyze issues arising in the Canadian and international capital markets. The organization is focused on being an active participant in developing and implementing government legislation and regulatory policies relating to industry practices in the capital markets.

BREAKING DOWN 'Canadian Capital Markets Association (CCMA)'

The Canadian Capital Markets Association was created in 2000. The association is primarily comprised of industry experts, who work for many of the large capital market institutions in Canada. The association is comprised of six committees that focus on a specific area of the capital markets. These committees consist of the Board of Directors and Observers, Buy-Side Subcommittee, Custodian/Broker Subcommittee, Legal/Regulatory Working Group, Communications and Education Working Group and the Trade Tracking Analysis Subcommittee.

The Canadian Capital Markets Association is a national, federally incorporated, not-for-profit organization that was launched with the mission to explore ways to meet the challenges and opportunities facing Canadian and international capital markets. The overall intent was to enhance the competitiveness of Canada’s capital markets through a forum of industry experts who provide leadership and direction to the investment community. Initiatives of the the CCMA include communication, education and coordination of the various segments of the investment industry on projects and actions that affect multiple aspects of Canada’s capital markets.

Participants of the Canadian Capital Markets Association comprise dealers, custodians, asset managers, industry associations, key securities infrastructure, such as exchanges, the Canadian Depository of Securities (CDS) and Fundserv; back-office service providers and vendors; and other stakeholders (such as regulators including SROs).

The CCMA is led by a Board of Directors, representing the Canadian capital markets. It determines what initiatives the CCMA focuses on. Various industry segments, firms, industry associations, support and other organizations may also be brought into to collaborate on certain initiatives. Usually this work happens in the context of CCMA committees.

Past Accomplishments of the Canadian Capital Markets Association

From the start, the CCMA’s priority was to facilitate the Canadian securities industry’s overall preparedness to implement straight-through-processing (STP) strategies while promoting efficient and timely trade-date matching among capital market participants.  A later CCMA effort in 2007 focused on whether to extend daylight saving time (DST) by five weeks.

Between 2015 and 2017, the CCMA led the financial industry’s transition to a T+2 settlement environment. The move to settle trades more quickly was designed to reduce margin and liquidity needs during times of economic volatility and lessen credit and counterparty exposure. This transition was successfully completed on September 5, 2017.

  1. Canadian Securities Course (CSC)

    The Canadian Securities Course (CSC™) is an entry-level program ...
  2. USD/CAD (U.S. Dollar/Canadian Dollar)

    Colloquially known as the loonie, USD/CAD is the abbreviation ...
  3. Canadian Dollar - CAD

    The Canadian dollar (CAD) is the national currency of Canada.
  4. Leads And Lags

    Leads and lags are the acceleration or delaying of a foreign ...
  5. Loonie

    Loonie is a colloquial term that refers to the $1 Canadian coin, ...
  6. Total Asset-To-Capital Ratio - ...

    The total asset-to-capital ratio multiple was a regulatory limit ...
Related Articles
  1. Personal Finance

    Quiz: Are Your Finances Above Average?

    We look at average Canadian debt, credit scores and much more so you can find out how you stack up.
  2. Investing

    Canada's Commodity Currency: Oil And The Loonie

    When the price of oil goes up, don't worry about how much gas is going to cost - get even by making a play on the Canadian dollar.
  3. Tech

    The 3 Best Buy-and-Hold Canadian Stocks

    Learn how the market is misreading Canadian stocks and how long-term buy-and-hold investors can stand to benefit from the misrepresentation.
  4. Investing

    Long on Oil? Buy Canadian Dollars

    Discover why investing in the Canadian dollar can give investors exposure to the crude oil market without the risks of futures investing.
  5. Taxes

    Do Canadians Really Pay More Taxes Than Americans?

    We look at the difference in tax rates and services offered on both sides of the border.
  6. Investing

    Fundamentals Of How Canada Makes Its Money

    In terms of industry, Canada is best known for oil and gas production, but the second largest country in the world has quite the diversified economy.
  7. Investing

    Toronto Stock Exchange: Safest Investment In The World?

    Canada, one of the wealthiest countries, is also one of the safest places to invest.
  8. Investing

    Why Is Alibaba After Canadian Business Owners?

    Alibaba is courting Canadian business owners to show them how to sell via its platforms in China.
  9. Investing

    The Top 3 ETFs For Investing in Canada

    Learn specific information about three of the most popular and best performing ETFs that offer exposure to Canadian equity markets for U.S. investors.
  10. Investing

    Hedge Against Exchange Rate Risk with Currency ETFs

    Because of their investor-friendly features, currency ETFs are ideal hedging instruments for retail investors to manage exchange risk.
  1. How does total capital investment influence economic growth?

    Discover the basic relationship between capital investment and economic growth, and why improving the capital structure increases ... Read Answer >>
  2. How is working capital different from fixed capital?

    Understand the differences between working capital and fixed capital, including definitions and examples of how businesses ... Read Answer >>
  3. What does a low working capital ratio show about a company's working capital management?

    Find out the significance of working capital management for a company and look at the working capital ratio analysts use ... Read Answer >>
  4. Do you discount working capital in net present value (NPV)?

    Learn why changes in net working capital (NPV) should be included in net present value calculations for analyzing a project's ... Read Answer >>
Trading Center