TORONTO, Aug. 27 /CNW/ - Alpha Group today announced that Alpha ATS L.P.
(Alpha ATS) has received approval of its application for registration as an
alternative trading system from the Ontario Securities Commission (OSC) and
approval of its application for dealer and marketplace membership in the
Investment Industry Regulatory Organization of Canada (IIROC).
"Alpha's approval by the OSC and IIROC represents another important
milestone in our journey towards launch," noted Jos Schmitt CEO of Alpha ATS.
Randee Pavalow, Alpha ATS's Head of Operations and Regulatory Matters
stated that "We look forward to working together with both OSC and IIROC to
ensure that Alpha ATS's operations will provide new and innovative execution
options which will provide additional efficiencies to Canada's investment
industry and will be of benefit to the industry, the investors and the
Alpha ATS, a member of the Alpha Group, is set to launch trading
activities as an alternative trading system on September 26, 2008.
About Alpha Group
Alpha Group was established in May, 2007 by nine of Canada's leading
financial institutions with the aim of increasing the country's equity trading
efficiencies and making the Canadian marketplace more globally competitive.
Its ownership group consists of BMO Capital Markets, Canaccord Capital
Corporation, CIBC World Markets, CPP Investment Board, Desjardins Securities
Inc., National Bank Financial, RBC Capital Markets, Scotia Capital Inc. and TD
For further information regarding Alpha Group, visit
For further information:
For further information: Michael Brady, (647) 259-0408,