CRA-4.5.9A
In addition to the disclosure requirements stipulated in Paragraph CRA-4.5.9, Category-1, Category-2 and Category-3
(a) How they execute and route client’s order and source liquidity (e.g. whether they pass or route orders to an exchange to execute). Where the licensee routes client orders to one or more crypto-asset exchanges for execution, it must disclose details of all the crypto-asset exchanges;
(b) Whether it may carry trading in crypto-assets as principal, and if so, whether, it may trade against client’s position; and
(c) How it determines the prices of the crypto-assets it quotes to clients.
Added: April 2023