Alpha Exchange Application Published for Comments

By Alpha Group And Alpha Trading Systems Limited Partnership, PRNE
Thursday, April 14, 2011

A Major Milestone is Alpha's Journey to Becoming an Exchange

TORONTO, April 15, 2011 - Alpha Group today announced that its application to become an exchange
has been published for a 45-day comment period by the Regulators. The
application process was initiated in April 2010 and the publication for
comment is a major milestone in the process. Alpha encourages stakeholders
and other members of the public to provide comments and assist it in refining
its proposal in order to be as responsive as possible to their needs.

Currently, Alpha operates an alternative trading system ("Alpha ATS")
created to facilitate trading of TSX and TSXV listed equities in the Canadian
capital markets. Alpha ATS began operating in November, 2008. It currently
has 92 dealers participating on its platform and has active trading in over
1,700 securities. Alpha was established to create credible user-owned
competition and introduce change into an environment stifled by
monopolistic-like behaviours including costs kept artificially high, lack of
innovation, deterioration of the quality of executions, and market share loss
to the U.S. in Canadian inter-listed 'blue-chip' securities.

Leveraging its successes in the trading space, Alpha has decided it is
time to apply for exchange status and to set up Alpha Exchange, in order to
take competition and its benefits to listings, a market infrastructure area
still dominated by a monopoly.

"Our mandate is to make the Canadian capital markets more efficient, less
expensive and more liquid" noted Jos Schmitt, CEO of Alpha Group. "It is all
about making this industry, the capital formation process in Canada and our
economy overall more competitive globally. The new generation exchange is
more important than ever in a world of great uncertainty following the
announced take-over of the TMX. Alpha Exchange will be a true
Canadian-anchored exchange, solely focused on Canadian interests," said

About Alpha Group - Alpha Group comprises the leading alternative trading
system for Canadian Securities - Alpha ATS, and a data distribution plant for
Alpha ATS market data. Alpha Group was established in May, 2007 by nine of
Canada's leading financial institutions with the aim of increasing the
country's securities trading efficiencies and making the Canadian marketplace
more globally competitive. Established for the Industry, by the Industry,
Alpha Group focuses on increasing liquidity, reducing the cost of trading and
providing innovative services leveraging its unique expertise, operating
model and technological capabilities.

For further information regarding Alpha Group, visit

For further information: For further information: Jennifer Bennett,


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