Trading technology firm Fidessa has connected to Alpha ATS, the Canadian alternative trading platform launched last Friday. Alpha will trade all securities traded on the Toronto Stock Exchange (TSX) and the TSX Venture Exchange – TSX’s market for growth stocks.
Fidessa will provide its clients with access to Alpha through its Canadian trading platform or via FIX through its global connectivity network.
“The Canadian markets are continuing to expand. In this multi-market environment, it was imperative that we connected to Alpha ATS as soon as it launched,” said Martin Hakker, executive vice president of marketing at Fidessa, in a statement. “This enables our customers to achieve not only connectivity but also best execution via Fidessa’s smart order router.”
Fidessa’s Canadian trading platform combines electronic order and execution workflow with real-time, multi-currency trading, position keeping and reporting. Integrated trading tools include pairs trading, list management and wave trading tools along with Fidessa BlueBox – Fidessa’s algorithmic management system.
Fidessa’s global network carries over 130 million messages a month between more than 1,800 buy-side firms and 310 brokers across 100 markets worldwide.
Alpha ATS started offering trading services in 10 Canadian securities on 7 November. On 11 November, the platform grabbed 36.24% in volume and 24.24% in value of all trades in these securities across all displayed marketplaces in Canada.