Straight Talk  

Alpha Group confirms launch of new Alternative Trading System

Effective September 2008, Alpha Group will launch its new alternative trading system (ATS) for Canadian equities.

The company also announced a fee strategy for trading, data and trade-through management (TTM) services. Trading fees will be the same for all participants irrespective of their size or trading volumes. Market data services will be provided free of charge until Alpha achieves a 20 per cent share of trading volume in Canada, when it can offer clients critical mass.

The formation of Alpha Group was announced in May 2007 to provide a more efficient venue for equity trading, promising investors a globally competitive low latency solution.

Shareholders of Alpha Group include: BMO Capital Markets, Canaccord Capital Corporation, CIBC World Markets, CPP Investment Board, Desjardins Securities Inc., National Bank Financial, RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc. 

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