Alpha launches new exchange based on Cinnober technology

Blog - 2012.04.04

On April 2, 2012, the Alpha Group launched its new Alpha Exchange, which replaces the alternative trading system that it operated for the past three and a half years.

“The objective of Alpha Exchange is to build on the successes of Alpha ATS and take the Alpha value generation journey beyond its original frontiers into the listing space,” notes Jos Schmitt, CEO of Alpha Exchange. 

“Our vision for the listing business is not to be everything to everyone but to focus on those areas where there has been too little or no attention. It has become clear to us that we could bring immediate value to technology issuers, the issuers of exchange-traded and closed end funds, and the issuers of structured products.”

Cinnober supplies Alpha’s high-performance, low-latency trading platform, including Trade Through Management (TTM) Service and dark liquidity pool. 

“We are proud to be the technology partner to the most successful challenger on a well established and competitive market such as Canada. Alpha is globally renowned in our business niche and we’re honored to have provided them with leading technology since 2007 when our partnership started,” says Javier Tordable, CEO of Cinnober.

Alpha Group was set up by nine Canadian financial institutions in 2007 to reinvigorate trading in Canadian markets. It gained considerable market share in the Canadian trading space with Alpha ATS, and began pursuing exchange status last year. The Ontario Securities Commission approved Alpha´s application to become an exchange in December.

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