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Alpha Market Share Over 20%
Toronto (ots/PRNewswire) - Alpha Group today announced that, for the first time since its launch in November 2008, the volume traded in TSX listed securities on Alpha ATS represented more than 20% of market share across all Canadian transparent market places.
Jos Schmitt, CEO of Alpha Group, noted "We are very pleased with achieving this major new milestone in our journey. We need of course to confirm, in the coming days and weeks, the persistence of this new level of activity. What we did notice today as well as over the past few days, is that new order flows were coming to Alpha as a result of Alpha's liquidity, new fee schedule and some dealers leveraging new technologies."
"I believe there is a growing understanding in the financial industry about the benefits that Alpha is bringing to the Canadian marketplace," added Mr. Schmitt. "Our new fee schedule put in place in August allowed us to leverage our growth to the benefit of our customers, and continued to offer a structure that benefits all participants equally - this was an eye-opener to many. It convinced many skeptics that Alpha is truly for the industry, by the industry. We are now starting to reap the benefits of this vision and the resulting strategy."
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 http://www.alphatradingsystems.ca.
For further information: Kate McGrogan, +1-647-259-0414, Kate.email@example.com
ots Originaltext: Alpha Group
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For further information: Kate McGrogan, +1-647-259-0414,