The new alternative trading system Alpha ATS L.P. will begin trading 10 stocks on Friday, Nov. 7.

While the new system is eligible to trade securities listed on the Toronto Stock Exchange and the TSX Venture Exchange, Alpha Trading Systems will initially support trading of 10 securities listed on the TSX: First Quantum Minerals, Transalta Corp., Groupe Aeroplan Inc, Biovail Corp., Canadian Tire, Magna International, MDS Inc., Inmet Mining Corp., Loblaw Companies, and Weston Limited George

The Investment Industry Regulatory Organization of Canada reports that dealers that are members in good standing of IIROC are eligible to be subscribers to the Alpha system. Alpha will provide fully-automated electronic order entry, order matching and trade execution based on price and time priority. It will operate as a visible continuous auction market providing pre-trade transparency of orders and post-trade transparency of executions, and will disseminate market data in real-time and electronically to subscribers through independent software vendors and various data vendors.

Alpha’s hours of operation will be from 7:00 ET until 17:00 ET.

IE