Canadian equities trading platform Alpha ATS processed trades representing more than 10% of the volume and over 16% of the value of all Toronto Stock Exchange-listed securities across all Canadian transparent marketplaces on February 18.
“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,” said Jos Schmitt, CEO, Alpha ATS, in a statement. “It tells us a lot about what our real potential will be once order flows will be pointed at Alpha across the board.”
Schmitt added that the platform’s market share in some securities on certain days was up to 70%. “Alpha has established itself now as a major marketplace in Canada that everyone will need to take into account to ensure best execution,” he said.
Alpha ATS launched in Canada on 7 November. Its parent, Alpha Group, was established in May 2007 by BMO Capital Markets, Canaccord Capital Corporation, CIBC World Markets, CPP Investment Board, Desjardins Securities, National Bank Financial, RBC Capital Markets, Scotia Capital and TD Securities.