Alternative trading system expected to launch in 2008 first quarter
Chi-X brand taking hold around the world, Instinet says
Another new alternative trading system, the Omega ATS, is due to be launched on December 6.Omega will provide the Canadian marketplace with a fast, anonymous, strict price/time priority trading platform where customers will be able to trade at the Canadian Best Bid and Offer at competitive rates. It will initially support securities inter-listed on the […]
Alpha Trading Systems, the initiative of several bank-owned dealers to set up an alternative trading system, is moving ahead with new offices, a new identity, and a technology provider.Set to launch its trading during the second half of 2008, Alpha Trading Systems moved into its permanent offices in Toronto this week, officially transitioning from the […]
New initiative will bring block-size orders back into contact with active traders, algorithms and retail flow
The firm, which announced that it has now been one year since its members began trading Canadian equities, said that Liquidnet Canada, Inc. was the country’s top ATS and in the first half, facilitating an average trade size of 77,000 shares, compared with an average trade size of 8,453 shares on the Toronto Stock Exchange.“The […]
ATS to go live in Q4
New electronic equity market is currently offering trade execution services for three stocks
Nine out of 10 money managers in Canada plan to use alternative marketplaces for some of their equity trading in 2008, a big jump from today
Dealers representing 95% of historical Canadian trading volume signed on