Alpha Trading Systems secures key technology provider



    TORONTO, Oct. 31 /CNW/ - Alpha Trading Systems today announced the
selection of Cinnober Financial Technology AB, the Swedish technology
provider, as its partner for supplying the trading platform technology. "The
confirmation of this partnership represents another key step in the
development of our alternative trading system," said Alpha Trading Systems CEO
Jos Schmitt. "Cinnober's state-of-the-art technology will provide Alpha with a
highly advanced and flexible trading platform to deliver high velocity/low
latency trading to the market." Alpha's decision to partner with Cinnober has
come at the completion of a thorough due diligence process whereby multiple
different trading platforms were considered. "Multiple large scale
production-like benchmarking exercises were performed that allowed us to
confirm that the platform behaves in line with today's and tomorrow's industry
expectations", continued Jos Schmitt.
    Stockholm-based Cinnober's trading technology is based on its
TradeExpress platform. Jan Arpi, CEO of Cinnober said "The selection and
benchmarking procedures for this assignment have been rigorous. We are
delighted to be entrusted to participate in such an innovative project and now
look forward to helping Alpha achieve its goals. Together with last week's
announcement of our involvement in the Turquoise project this further confirms
the marketplace's trust in the excellent quality of the TRADExpress platform."
    Set to launch trading activities during the second half of 2008, Alpha
Trading Systems moved into its permanent offices this week at 70 York Street,
officially transitioning from the previous "Project Alpha" designation. Jos
Schmitt stated that "The transition of Project Alpha to Alpha Trading Systems,
the confirmation of our key technology partner, the successful completion of
hiring the majority of our staff, and the occupancy of our new premises
clearly speaks to our commitment to becoming a significant participant in the
Canadian capital markets."

    About Alpha Trading Systems

    Alpha Trading Systems 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.

    About Cinnober

    Cinnober is a provider of advanced technology to financial marketplaces
currently serving a number of leading markets with mission critical systems.
These include the American Stock Exchange, the BOAT Consortium, the Chicago
Board Options Exchange, Liffe NYSE Euronext, the London Metal Exchange and
Borsa Italiana. Cinnober's products are highly customizable and based on
"TRADExpress" - a scalable, high performance, low latency platform for
transaction processing. TRADExpress is 100% Java based, enabling solutions
that are both flexible and hardware and database independent. Solutions
exploiting opportunities within MiFID include systems for Systematic
Internalization, pre- and post trade reporting and Multilateral Trading
Facilities.

    For further information regarding Project Alpha,
    visit www.project-alpha.ca.




For further information:

For further information: For media information relating to Alpha,
contact: Kate McGrogan, (647) 259-0401, kate.mcgrogan@alphatradingsystems.ca;
For media information relating to Cinnober, contact: David Setters, +44 7710
271291, davidsetters@tiscali.co.uk

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