The Globe and Mail reports in its Monday edition that Jeff Foster is on a mission to modernize Canadian capital markets. The Globe's Jameson Berkow writes that the two-decade veteran of Toronto Stock Exchange parent TMX Group is preparing to launch a new alternative trading system (ATS) in early 2026. CIX Trading Inc. will let investors buy and sell Canadian stocks outside of regular trading hours and will also allow for fractional trading, which makes it possible to acquire fractions of a single share. For example, if an investor wanted to acquire $500 worth of Royal Bank of Canada's TSX-listed stock at, say, $220 per share, the CIX platform will facilitate the sale of exactly 2.272 RBC shares. Mr. Foster envisions CIX as an upstart challenger to the hegemonic TSX, filling a role that was most recently played by the former NEO Exchange. ATS platforms compete to be the venue of choice for the buying and selling of securities, although unlike stock exchanges, they do not directly list those securities. While CIX is starting as an ATS, Mr. Foster said the goal is to eventually become a full-fledged exchange. "We have some pretty aggressive plans, and it doesn't involve nibbling around the edges," he told The Globe.