I would like to thank all of you who attended The Annual General Meeting in June. We are pleased to announce the changes to the By-Laws were passed by over the required 2/3 majority. We promise this issue will not arise again. Approximately 75% of our membership present at the AGM voted in favour of the changes to the Resolutions. This is a good step forward for our membership.

We are pleased to welcome our newest board members: Larry Conn- Guardian Capital, Charlotte Daughney – TD, Carrie Gratias- UBS, and Nick Thadaney- ITG.

The new Board is already hard at work organizing the events that will take place over the next few months.

In September, we will host a seminar on Corporate Governance. Our Education Committee is putting together a great lineup of speakers that you will not want to miss. More details will be available closer to the date.

Plans are already under-way for the Fall Bash and the Christmas Party.

Please check the dates below and mark them on your calendar.

We have also had some requests from firms wanting to advertise job openings on the IETA Website or for the IETA to email job descriptions to our members. Anyone who has any interest in this service should contact me for more details. We would be happy to provide a service that would help our members get a first opportunity at any openings that are available.

Please keep the suggestions coming,

Michelle DaCosta, President, IETA (of Toronto)
416-365-2427
mdacosta@dynamic.ca

Back

Peggy Bowie has served on the IETA board most recently as our Past President. Peggy's focus and intensity are contagious to our various causes. We thank her for the continuing support to the CSTA and look forward to her marked contribution.

Jay Bakker has served on the IETA Board for the past two years with his final year as the Treasurer. We thank Jay for accepting his position which is truly a thankless one with lots of work. His additional duties as "Bouncer at Large" at all IETA events is also important and we hope we can count on him for future events.

James Duncan's contribution to the IETA has been significant and we sincerely thank him. James' creative ideas, fundraising activities, and his on-going efforts to both the STA and CSTA are truly exemplary.

Nick Savona's two years on the IETA Board culminated in his role as the Vice-President. Nick's tireless behind the scenes effort are sincerely appreciated, without these many of our successful events would have been less so.

The entire Board of the IETA must be congratulated for one of our most successful years in our history. The concerted effort and dedication to the various roles as a social organization, a lobby group and an educational facilitator contributed to this success. Best of Luck to the new Board!!!!

James R. Beattie, CFA
Director
Institutional Equity Trader
Capital Markets Services
416-842-6000
james.beattie@rbccm.com

Back

The 2002 Golf Tournament was a huge success. Great weather, good company and Angus Glen’s North Course made for a great test of golf. The new course was in excellent shape and coupled with the great weather made for ideal scoring conditions.

Our first place team of Paul Hardy, Campbell Craig, Dan McGregor and David Jarvis lead the way with an impressive 12 under par. Lisa Petrelli set the tone for the ladies with the longest drive measuring an astounding 275 yards (up hill and into the wind) and Campbell Craig was long off the tee for the men. The closest to the pin was won by Lucas Atkinson.

Special thanks to our host Angus Glen and to Nick Savona for all his hard work putting the event together.

John Paul Matthews
416-974-2216
johnpaul.matthews@rbc.com

Back

Wilfrid Laurier University offers stock market competitions for students at the secondary school, university undergraduate and graduate levels. The national secondary school competition is comprised of six regions from across Canada. Two competitions are offered during the year in each of the fall and winter terms.

In June, the TSX Group (the principal sponsor of the competitions) hosts a banquet for the national and regional winners of the secondary school competition. This year, both national winning teams (for Fall and Winter terms) were from Westmount Collegiate Institute in Thornhill, ON. Bill Schoenhardt was their advising teacher. The Huntly McKay Award, presented to the team that best embodies the spirit of the competition and uses a wide variety of investment vehicles, was won by a team from Chesley District High School in Chesley, ON. Heather Spencer was the team’s advising teacher.

The Laurier competitions are an important tool in the learning process. Teachers comment that the wide variety of investment strategies that are available through the competition, separate Laurier’s competitions from others that are available. The aim of the competitions is to help students become informed investors, aware of the investment tools available to them and aware of the need to set investment objectives for lifelong learning.

Wilfrid Laurier University wishes to acknowledge and thank the Institutional Equity Traders Association for its continued support of the competitions. It is the vision of organizations such as IETA that help to support and promote the education of young Canadians in the field of investing.

Sandy Hughes
Director
Stock Market Competitions
Wilfrid Laurier University

Back

CSTA has provided an update to the MOC debate and changes to the proposed new system. Many firms provided valuable feedback on this model. The TSX has reviewed this feedback and has used it to revise its model to better meet the needs of all market participants.  As this is a very significant market structure event in Canada's capital markets, it is crucial to get as much feedback as possible.

Please feel free to contact any of the IETA Directors. If you prefer, you may send your feedback directly to The TSX. Direct responses can be made to any of your TSX Account Managers: Pete Gombocz at 416-947-4496, Shawn Wilcox at 416-947-4724, Winville Larcher at 416-947-4607 or Michelle Tran at 416-947-4583.

The TSX Proposal as well as the CSTA's comments can be accessed on the CSTA Website.

Charlotte Daughney

Back

CSTA Conference Mont Tremblant - August 22-25, 2002
Educational Seminar "Corporate Governance" - September 16, 2002
TSX Best Execution Conference – October 3, 2002
IETA Fall Bash – Thursday, October 24, 2002
STA Conference Boca Raton - October 9-13, 2002
IETA Christmas Party - Thursday, December 12, 2002

Back

Congratulations and best wishes to the following individuals who have recently made moves:

Back

Back

For further information regarding all current industry news, issues, and upcoming events, please log on to www.ietatoronto.org