Alpha Group - Delivering on our Commitments

By Alpha Group, PRNE
Wednesday, April 6, 2011

March 2011: Record Activity on Alpha

TORONTO, April 7, 2011 - Alpha Group today announced that its March 1, 2011 fee change for trading
in securities with a value below $1 has resulted in March 2011 being its
largest monthly traded volume since launch. Additionally, in March Alpha
achieved a new record market share across TSX and TSX-V listed securities.

On March 1, 2011 Alpha reduced its active fees for all TSX and TSX-V
listed securities with a value lower than $1, from $0.0004 per share to
$0.0003 per share while passive fee rebates remained unchanged at $0.0002 per
share. While this fee reduction demonstrates Alpha's continued commitment to
reduce the cost of trading in Canada, it also led to substantial volume and
market share gains for Alpha. Alpha traded close to 6 billion shares in March
2011
, over 1 billion shares more than its previous record. Alpha's market
share jumped to 21.5% amongst lit markets, across both TSX and TSX-V listed
securities. For the first time, the corresponding market share of the TMX
fell below 70%. Alpha's market share in TSX listed securities is now on a
sustainable basis, close to 25%, while its market share in TSX-V listed
securities regularly hits the 20% mark.

"This fee change clearly put us on the map in TSX-V listed securities,"
noted Jos Schmitt, CEO of Alpha Group. "The savings for the Canadian industry
are substantial and it demonstrates again the benefits of true competition.
It also reaffirms our leadership role in the Canadian market-within weeks
after noticing the impact of our fee change the TMX reduced its fees to
counter our competitive pressure. For us, this is not where it ends. While
benefitting the industry, this fee reduction and the subsequent market share
growth also strengthens Alpha and enables us to launch further initiatives of
this nature. Leveraging the strengths of the new generation marketplace
business model is what makes this possible," concluded Jos Schmitt.

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, the
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.alpha-group.ca.

For further information: For further information: Jennifer Bennett,
+1-(647)-2590421, jennifer.bennett@alpha-group.ca

For further information: For further information: Jennifer Bennett, +1-(647)-2590421, jennifer.bennett at alpha-group.ca

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