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Measuring market integrity: a proposed Canadian approach

Bryan Fodor (Royal Canadian Mounted Police, Ottawa, Canada)

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 18 July 2008




The purpose of this paper is to provide a conceptual viewpoint of the appropriate theoretical framework for measuring the integrity of capital markets from a regulatory/law‐enforcement perspective.


This paper discusses the metrics involved with the abstract concept of measuring the integrity of capital markets. References include measurement tools and measurement principles issued by academic institutions and relevant international organizations. Primary research was conducted by way of the Royal Canadian Mounted Police's Market Integrity Index research project.


The paper finds that there is an interplay of forces that determine the relative integrity of a given market over time.


This paper suggests that critiques of the efficacy of systemic market structure can be evaluated on a quantitative basis.



Fodor, B. (2008), "Measuring market integrity: a proposed Canadian approach", Journal of Financial Crime, Vol. 15 No. 3, pp. 261-268.



Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited

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