Alpha ATS reaches new milestone

In April 2009 Alpha ATS achieved one of their activity milestones, with over 725 million shares traded during that month. The growth was particularly noticeable during the second half of the month with the Alpha ATS reaching an average volume market share in TSX (Toronto Stock Exchange) listed securities of almost 8.5% across all Canadian transparent marketplaces.

Alpha is an alternative trading system, launched in November 2008, created to facilitate trading of listed equities in the Canadian capital markets. Trading is performed in the TRADExpress Trading System supplied by Cinnober.

“What fuels our growth is the combination of the fairness of our model, our technology leadership and the support of the industry for and industry driven initiative” commented Jos Schmitt, CEO of the Alpha Group, in a May 6 press release from Alpha ATS.

Alpha was established by nine of Canada’s leading financial institutions: BMO Nesbitt Burns, Canaccord Capital, CIBC World Markets, CPP Investment Board, Desjardins Securities, National Bank Financial, RBC Dominion Securities, Scotia Capital and TD Securities. To read more, please visit www.alphatradingsystems.ca.