Alternative trading system TriAct Canada Marketplace LP will be donating all of the trading fees generated by its MATCH Now dark pool on Dec. 4 to charity.
Toronto-based TriAct says it will be devoting its trading fees to the sports-focused charity, Right To Play, which aims to help educate and empower children around the world through sports and play. On Dec. 4, TriAct’s second annual trading day, orders routed through MATCH Now will automatically contribute to TriAct’s fundraising effort, it says.
“MATCH Now contributions represent an innovative way to fundraise, while the Charity Day gives us a unique opportunity to connect with clients to raise awareness about our global work and champion the tremendous impact Canadians can have by investing in the power of play,” says Johann Olav Koss, founder, president and CEO of Right To Play.
“For children, play is a powerful tool that helps them develop important skills they need to help make the world a better place, like confidence and leadership,” says Torstein Braaten, CEO, TriAct.
“MATCH Now’s market share has grown over the past year and more investors are benefiting from price improvement. Furthermore, our marketplace is well-suited to the natural investor that desires efficient access to real liquidity. We hope our growth in trading volume will translate into a meaningful donation to Right To Play,” Braaten adds.