TORONTO, Sept. 22 /CNW/ - Alpha Group today announced that it became the primary market in a number of TSX listed securities, including the "Horizons BetaPro Nymex Natural Gas Bull ETF" (HNU) - the most actively traded security in Canada. The overall volume traded today in HNU, excluding prints (crosses), across all transparent marketplaces was approximately 18.5 Mio shares, with the market share spread as follows: Alpha 49.1%, TMX 41.5%, Chi-X 9.4%.
Other securities where Alpha became the primary market include the Horizons BetaPro Nymex Crude Oil Bull ETF, the Horizons BetaPro Nymex Crude Oil Bear ETF, the IShares CDN S&P/TSX Capped Materials ETF and the IShares CDN S&P/TSX Capped REIT Index Fund ETF.
Alpha also ended the day close to being primary market in a number of other securities including: Lundin Mining Corp., OPTI Canada Inc. and Bombardier Inc. Moreover, in most of above mentioned securities Alpha traded the largest volume at the opening.
Jos Schmitt, CEO of Alpha Group, noted "This is another milestone in our journey. It demonstrates the keen interest of the dealer community to further leverage the benefits of trading on Alpha from a liquidity and cost perspective. Of particular interest is the uptick in opening volume traded because the combination of liquidity and no fees for opening trades is a very attractive proposition."
"I believe that investors also need to pay more attention to the choices they have when trading a security. It is clear to me that in a number of securities the majority of the liquidity was on Alpha as well as the benchmark for the opening price", added Mr. Schmitt. "To help the retail investor community, which we consider as one of our key stakeholders, Alpha makes all of its market data available on its web-site. With the retail investor in mind, our market data on the web comes in a unique way: updated every 5 minutes and showing 5 levels of price depth for all securities".
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 Securities Inc.
For further information regarding Alpha Group, visit www.alphatradingsystems.ca.
SOURCE Alpha Group
For further information: For further information: Ian Hendry, (647) 259-0407, Ian.firstname.lastname@example.org