Alpha Market Share in Junior Securities Over 20%
By Alpha Group And Alpha Trading Systems Limited Partnership, PRNESunday, April 18, 2010
April 16th, 2010 - Alpha Reaches Another Milestone
TORONTO, April 19, 2010 - Alpha Group today announced that on April 16th 2010, for the first time
since its launch in November 2008, the volume traded in TSX-V listed
securities on Alpha ATS represented a market share of more than 20% across
all Canadian transparent market places.
After having reached a 30% market share in TSX listed securities (Senior
Securities) on March 1st, 2010 and remaining solidly above the 25% mark,
April seems to be Alpha's break-through month in trading TSX-V listed
securities. The considerable progress achieved month over month since the
last quarter of 2009, culminated on April 16th, 2010 when Alpha reached a
market share of 21.2% in this segment.
Jos Schmitt, CEO of Alpha Group, noted "Clearly market participants have
started to realize that the benefits they experience when trading TSX listed
securities on Alpha are also relevant when trading TSX-V listed securities.
These benefits, including a higher likelihood of execution for resting
orders, a balanced fee structure during continuous trading that takes all
market participants interests into consideration, a full rebate on iceberg
orders and no fees for opening trades, are some of the key drivers behind
this evolution."
"Our continuous growth since the launch of Alpha is a testimony as to why
change and choice were necessary in the Canadian marketplaces' landscape,"
added Mr. Schmitt. "This growth has made us stronger than ever and is
fuelling the next round of competitive initiatives that Alpha will introduce
to help strengthen our industry, while always living up to our mantra - For
the Industry, By The Industry."
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 any further information regarding Alpha Group, visit
www.alphatradingsystems.ca
For further information: Kate McGrogan, +1647-259-0414,
Kate.mcgrogan@alphatradingsystems.ca
For further information: Kate McGrogan, 1-647-259-0414, Kate.mcgrogan at alphatradingsystems.ca
Tags: Alpha Group And Alpha Trading Systems Limited Partnership, April 19, canada, Toronto