TORONTO, Feb. 19 /CNW/ - Alpha Group today announced that the Alpha ATS
L.P. (Alpha ATS) achieved its first market share milestone on February 18,
On that day the Alpha ATS processed trades representing more than 10 per
cent in volume and more than 16 per cent in value of all TSX listed
securities, across all Canadian transparent marketplaces. This first milestone
was achieved only two weeks after the date Alpha started trading all TSX
listed securities on its platform.
"Considering the various challenges we still need to overcome together
with our stakeholders with respect to routing technologies, data
consolidation, elimination of trade-throughs and others, this achievement is
extremely promising," noted Jos Schmitt, CEO of Alpha ATS.
"It tells us a lot about what our real potential is once order flows will
be pointed at Alpha across the board. The experience we had with some
securities where this happened showed us, on certain days, an overall market
share in those securities reaching up to 70 per cent and the overall liquidity
in those stocks reaching a never before seen depth. Alpha established itself
now as a major marketplace in Canada that everyone will need to take into
account to ensure best execution. For us it is another important step in our
journey," added Jos Schmitt.
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:
For further information: regarding Alpha Group, visit
www.alphatradingsystems.ca; For media information relating to Alpha, contact:
Michael Brady, (647) 259-0408, firstname.lastname@example.org