TMX Group launches US alternative trading system for equities
Named AlphaX US, the venue will trade US-listed securities only (Reg NMS) and follow the US equity market holiday calendar.
Named AlphaX US, the venue will trade US-listed securities only (Reg NMS) and follow the US equity market holiday calendar.
Subject to closing conditions, the transaction is expected to close in January 2024.
Platform consists of two order books, Alpha-X and Alpha DRK, and is designed to create an “optimised trading environment to enhance execution quality”.
Offering will provide clients with: climate action plans, impact quantifying, company and controversy screening, news and event coverage, corporate peer analysis.
Asset managers and hedge funds in Asia are reporting the strongest demand, marking their growing global influence, according to a joint study.
John McKenzie will assume the role of chief executive officer at TMX Group after serving 20 years at the company.