Alpha Files With Regulator to Become Exchange

A New Major Milestone in Alpha's Journey

TORONTO, April 22, 2010 - Alpha ATS today announced that it filed with the Ontario Securities
Commission to obtain the status of a recognized exchange. Obtaining this
status will allow Alpha to expand its business into new areas such as the
listing business while allowing it to benefit from other exchange specific
advantages such as the ability to support market making.

Having established itself as the preferred alternative marketplace for
trading Canadian securities, the logical next step for Alpha is to become a
recognized exchange. This will allow it to develop new services and products,
and compete on a level playing field with its main competitor.

Jos Schmitt, CEO of Alpha Group, noted "We brought true competition to
the equities trading landscape in Canada. The facts are now confirming the
realization of our original objectives: improved liquidity and efficiency in
the markets to the benefit of issuers and investors, substantial fee
reductions for the dealer community, and a renewal of technologies across the
board to support today's market participants' needs. The growing interest
from foreign investors, market participants and issuers to leverage the
Canadian capital markets is a testimony to the fact that our industry has
become more competitive globally."

"We will continue to put all our energy towards ensuring that greater
competition will further improve the liquidity and efficiency of the trading
landscape in Canada; but at the same time, we are convinced that the global
competitiveness of our industry overall requires us to bring true competition
in areas other than trading", added Mr. Schmitt. "While competitive
initiatives like the Alpha Ecosystem, allow us to tackle certain types of
industry inefficiencies, the exchange status will allow us to bring
competition in new areas such as the listing business. We will do this by
leveraging our unique business model built on operational efficiency,
innovation and above all client centricity."

About Alpha

Alpha Group comprises the leading Alternative Trading System for Canadian
listed 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
www.alphatradingsystems.ca.

For further information: Kate McGrogan, +1-647-259-0414,
Kate.mcgrogan@alphatradingsystems.ca

For further information: Kate McGrogan, +1-647-259-0414, Kate.mcgrogan at alphatradingsystems.ca