Mr. Luc Fortin reports
TMX GROUP LAUNCHES NEW US EQUITY ATS VENUE
TMX Group Ltd. today launched AlphaX U.S., a new United States alternative trading system (ATS) venue, that is designed to create a trading environment with a focus on enhanced execution quality.
AlphaX U.S. is the first venue expansion outside of Canada for TMX Group's markets division and it will trade U.S.-listed securities only (Reg NMS). Participants will be Financial Industry Regulatory Authority-registered broker dealers.
"After continuous consultation with our clients, we are proud to introduce AlphaX U.S., a venue that is focused on execution performance and provides innovation and ease to the broker dealer community," said Heidi Fischer, president, TSX Alpha U.S. "There are several unique offerings within AlphaX U.S., and we have combined that functionality with a model that provides easy implementation, customization and strong analytics for our partners. It's through feedback and collaboration with our stakeholders that we are able to deliver solutions that make markets better."
"One of our top priorities is solving for the business needs of our clients," said Luc Fortin, global head of trading, TMX Group. "We are excited to embark on this next chapter of growth for TMX to build upon."
AlphaX U.S. offers trading in all Regulation NMS common stock, exchange-traded funds and American depository receipts. The venue follows the U.S. equity market holiday calendar, and matches trades during regular U.S. market hours. AlphaX U.S. allows order entry starting 60 minutes prior to the open and continuing throughout the trading day.
About TMX Group Ltd.
TMX Group operates global markets and builds digital communities and analytic solutions that facilitate the financing, growth and success of businesses, traders and investors. TMX Group's key operations include the Toronto Stock Exchange, the TSX Venture Exchange, TSX Alpha Exchange, the Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corp., TSX Trust, TMX Trayport and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montreal, Calgary, Vancouver and New York) as well as in key international markets, including London, Singapore and Vienna.
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